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Friday, May 02, 2014

GOP Relies on Malloy ‘Gimmick’ to Balance its Budget Plan

By Keith M. Phaneuf

Faced with shrinking state tax receipts, minority Republican legislators today grudgingly used one of the largest “gimmicks” they had chastised Gov. Dannel P. Malloy for in their latest budget proposal.

The GOP caucuses in the House and Senate unveiled a plan that relies on refinancing the state’s 2009 operating debt to remain in balance – an option they refused to include in a budget they proposed just two weeks ago.

Republican leaders defended their new budget, noting that regardless of what they proposed, Malloy and his fellow Democrats in the legislature’s majority already have begun refinancing that debt.

“Governor Malloy’s budget has come apart at the seams, sending everyone back to the drawing board with just one week remaining in the legislative session,” said Senate Minority Leader John McKinney.

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