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Thursday, January 30, 2014

Malloy Sets Budget Agenda, Including Modest Tax Refund

UPDATE Gov. Dannel P. Malloy, a first-term Democrat facing re-election this year, today announced what he described as a three-point plan for responsible fiscal management of the state’s current surplus.

He said it bolsters the rainy day fund, makes a substantial payment on long term debt, and provides modest tax relief for residents—$55 for singles earning less than $200,000 a year and $110 for couples earning less than $400,000.

“Connecticut has faced more than its share of challenges over the last few years,” said Malloy, speaking in Derby, a blue-collar Naugatuck Valley community.

“Now that things are beginning to improve, it’s critical that everyone shares in the recovery. The plan I’m laying out today takes the responsible path. It puts money in the rainy day fund so that we can be prepared the next time we face financial challenges.

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