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Budget Cuts Coming Amid Connecticut’s Deficit Woes

Approximately $150 million will be cut by Gov. Dannel P. Malloy in the coming days.

Faced with a deficit that keeps growing, Gov. Dannel P. Malloy will be cutting approximately $150 million from the state budget this week.

According to the Hartford Courant, that’s the most the governor is allowed by law to cut. State legislators will reportedly have to find $200 million in savings by the end of the year in the $2 billion budget.

The deficit is expected to total $1.1 billion in the next fiscal year and is already at $265 million for this year in the biennial budget. 

Gov. Malloy said that fixing the deficit will not require new taxes and that poor economic conditions affecting much of the country are to blame.  

Paul Alexander November 29, 2012 at 02:03 PM
Then stop electing them.....
Arthur B November 29, 2012 at 02:17 PM
They are all common criminals, they are above the law and it starts at the lowest levels of government. From the lazy teachers and public works employee unions going all the way up to the top office.
Paul Alexander November 29, 2012 at 03:02 PM
Regrettably, there are no easy fixes for where YEARS of Democrat controlled General Assembly overspending in Connecticut have taken the state and its municipalities. The more entrenched and empowered the far left New England socialists like Malloy, Chafee, et al become the more traumatic the events necessary to run them and their ilk out of office for the generation or two needed to get the state righted.
Steven DeVaux December 04, 2012 at 11:31 AM
The Malloy administration is exploring including medical/dental benefits as taxable income on 2012 tax returns as they look to close the state deficit. Move would not be considered a "tax increase". Could again be retroactive if legislature agrees boosting taxable income but not income taxes before the April 15th tax filing deadline but 3 months before the end of the fiscal year.
Paul Alexander December 04, 2012 at 12:17 PM
Just throw the idiot out of office already. Are you all tax masochists?

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