Friday, December 07, 2012
Malloy Pitches More Cuts, Revenue to Shrink Deficit
By Keith M. Phaneuf and Arielle Levin Beckerwww.ctmirror.org
Hours after inviting Republicans to help devise a bipartisan deficit-mitigation plan, Gov. Dannel P. Malloy today offered a “road map” to shave another $243 million off this year’s state budget deficit, again relying most heavily on cuts to social services.
The Democratic governor, who insisted that he wouldn’t raise taxes to close the current shortfall, is seeking over $22 million in additional tax revenue from corporations and power plants. The administration also says Connecticut can raise an extra $8.5 million by cracking down on tax fraud.
The proposal is intended to shape discussions scheduled to begin Monday with the administration and leaders of the Democratic majorities and Republican minorities in the General Assembly. The legislature is expected to return for a special session on Dec. 19 to vote on a deficit plan.
“We know what we have to do. They know what they have to do. We’ll share some information today,” Malloy said today, shortly before releasing his road map. “We’ll get to work next week.”
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Comments: Comment Policy
The Governor is now announcing significant cuts to edcuation and social services to try and fix the huge budget deficit he has created in just one year.
The big questioon—how does this impact money Westport gets from the state? How does this impact whatever state funding we were expecting, if any, for Baron’s South?
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