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Monday, December 10, 2012

Malloy Defends Plan for Business Revenue Increases

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By Keith M. Phaneuf

www.ctmirror.org

Gov. Dannel P. Malloy today defended his plan to seek an extra $22 million in revenue from businesses and power plants to help close the current budget deficit, arguing this doesn’t break his pledge not to raise taxes.

“We never said that we wouldn’t look at revenue,” Malloy told Capitol reporters following the State Bond Commission meeting in the Legislative Office Building.

Malloy unveiled an outline Friday of his proposal to the General Assembly to wipe $243 million in red ink off the state’s books this year.

Though details were limited, the “road map”—as referred to by the administration—called for $220 million in spending cuts and $22.6 million in new revenue.

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Posted 12/10/12 at 06:48 PM

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