Friday, May 02, 2014
By Keith M. Phaneuf, Arielle Levin Becker, and Jacqueline Rabe Thomaswww.ctmirror.org
Gov. Dannel P. Malloy and Democratic legislative leaders today announced a tentative budget deal that postpones tax relief for teachers and consumers, repeals the launch of keno and relies on tens of millions of dollars in questionable assumptions about savings.
Full details of the agreement –- the product of hectic last-minute negotiations to counter shrinking tax revenue projections this week—were not released during a late morning press conference at the Capitol. Malloy’s budget director, Office of Policy and Management Secretary Benjamin Barnes, confirmed that the agreement preserves $70 million in new grants to cities and towns, but that it suspends a new, $9 million tax break for municipalities.
The deal also cuts about $20 million over several years from a new initiative to shore up the finances of the merged public college and university system.
And this year’s budget surplus, once projected at $505 million but reduced this week to $43 million, would be deposited in the emergency reserve, commonly known as the Rainy Day Fund.
Click here for more of story
Enter your email address to get WestportNow.com delivered to your inbox:
Powered by FeedBlitz
(Click image to resume)
Click for ConnDOT View
We all really enjoy westport’s Memorial Day parade…by Ryan Donoghue
Sunny’s been partying hard this weekendby Ryan Donoghue
When will it be passing through the Cribari…by werner liepolt
Reader nominations welcome:
CT News Junkie
Fairfield Co. Real Estate
Friends of Westport Parks/Rec
Geek the Library
Kosher Like Me
Much Ado About Stuffing
Nancy on Norwalk
Nina Pomeroy Photography
Our Town Crier
Prill Boyle's Defying Gravity
Sherwood Island Friends
Taking the Kids
Westport Weather Website
Who, What, When-and Y
Suggest a Westport-area blog by sending email to: