Westport Young Woman's League CraftWestport, November 8-9, Staples High School
Westport Country Playhouse presents Intimate Apparel, October 7-November 1, 2014Halloween Parade October 29, 2014, 3:30 p.m., Main St. & Post Road East
Stand Up for Homes with Hope -- Paula Poundstone, Saturday November 8, 2014 at Westport Country Playhouse
 
Friday, October 24, 2014
NewsPolitics

Wednesday, February 06, 2013

Malloy’s Push to Avoid Taxes Spurs More Borrowing

Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon TwitThis Favicon  

By Keith M. Phaneuf

www.ctmirror.org

While Gov. Dannel P. Malloy pledged to avoid new taxes and preserve education reforms, the legislature’s top Republicans charged today that the governor’s new budget dramatically expands the state’s hefty credit card balance.

Besides refinancing debt from the last recession and borrowing to prop up municipal aid and support the conversion to Generally Accepted Accounting Principles, the new budget would offer new rules to soften the constitutional spending cap.

The plan also raises about $140 million in new tax revenue by continuing expiring taxes on power plants and other businesses, and by reducing a tax credit for working poor families. That’s according to the Senate and House minority leaders, John P. McKinney of Fairfield and Lawrence F. Cafero of Norwalk, both of whom are weighing bids for governor in 2014.

The administration provided advance budget briefings to key legislative leaders and others Monday and today.

Click here for more of story

Posted 02/06 at 01:43 AM 

Comments:     Comment Policy

No comments yet.

You need to Register and be logged in to post comments. If you are already registered but are not logged in, you can Login here.

Name:

Email:

Location:

URL:

Remember my personal information

Notify me of follow-up comments?

You must be logged in to comment. You must also answer the question or solve the equation below:

1 + 7 = ? (1 character(s) required)

Please note by clicking on "Submit" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Inappropriate posts may be removed.

<< Back to main

SPONSORS
Earthplace After-school Enrichment Program for Elementary School Children
Visiting Nurse and Hospice of Fairfield County, Connecticut

HOUSE OF THE WEEK

15 Stoneboat Road, Westport, CT, Jillian Klaff Homes

Click the photo for
more info about
15 Stoneboat Road, Westport, CT

jillianklaffhomes.com

Christ & Holy Trinity Preschool is now accepting applications for the 2015-16 school year.

The Westport Arts Advisory Committee (WAAC) is sponsoring its first "TEA Talk" (Thinkers, Educators, Artists) on Sunday October 26, 2014 at 2 p.m. in the Westport Town Hall Auditorium.

WestportNow Year in Pictures 2013 Give to Public Schools in Need! - Go to DonorsChoose.org
WestportNow.com Stuff