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Gov. Malloy Says No New Taxes Despite Deficit

The state's budget deficit is now projected to top $1 billion but Gov. Dannel P. Malloy has vowed he won't hike taxes again to close the budget gap.

 

Despite a growing budget shortfall that is expected to hit $1.1 billion in the next fiscal year, Gov. Dannel P. Malloy is vowing that he won't increase taxes again. Malloy last year hiked state taxes by an historic $1.5 billion to help balance the state budget.

Combined with the current year's budget gap of $365 million and the additional shortfall of about $1 billion expected in the 2013-2014 fiscal year, Malloy and state lawmakers are facing deficits of more than $2.5 billion when they meet in early 2013 to craft a new two-year budget, according to the Connecticut Mirror.

Malloy, however, said this week that the shortfalls will not require additional tax hikes. In a press conference following the release of the new budget figures, Malloy said the state fiscal problems are the result of weak economic factors nationwide and that no new taxes would be needed to close the budget gap.

Steven DeVaux November 17, 2012 at 12:37 PM
Yeah, right. The reason for the deficit funds the resulting deficit hole? That sounds like the national debt debate. Since Connecticut can't run a deficit how do they eliminate it next year when the economy is far worse? They will transfer the teachers pension costs to the towns and cities instead so get ready for your LOCAL PROPERTY TAXES to increase (not your state INCOME tax). They will institute a mileage "fee" for each mile you drive on a Connecticut registered car...and oh yes....tolls are coming back in vogue EZPASS without toll booths for I-95, I-91 and I-84 courtesy of David Scribner.
mike murphy November 17, 2012 at 04:29 PM
years ago there were tolls on Ct. highways, nd every citizen of our state received a surplus check from Governor Meskill and Ella Grasso.. I-84 had no tolls. I-95 had atoll booth in the Greenwich area i believe as did the Merritt parkway. there may have been others. there was no sales tax nor a State income tax and every city , town and village received surplus funding. a tragic accident at the I 95 toll booth, led Gov. o'Neil to remove all toll booths on all Ct. highways. people still died on our highways as they do today! but soon the rebate and surplus checks began to stop. then a sales tax of i believe 4 or 5% was enforced, son followed by an income tax. your property taxes rose as the towns didn't get the revenue they got when the tolls were up. we are the only state in our region of the country that doesn't have a single tool booth! if we had tolls the state would balance the budget with money to spare, property taxes would decrease along with other fees we pay to live in the great state of Ct, plus if we still had an income tax, the cost of tolls would be deductable. think tolls would be expensive? drive down the Garden State Parkway in New Jersey where there must be a dozen toll stops along it's 176 mile length. we need the toll booths back because many drivers from other states strictly drive through our state getting to a destination and the trailer trucks that eat up our highways would pay for highway maintenance saving the state even more
Dr. Robin Appleby November 17, 2012 at 08:47 PM
Five governors, all Democrats of course, received a grade of F by the Cato Institute. Gov. Malloy came in 49 th worst of all 50 governors. Gov. Malloy and the Democrats raised state taxes $ 1.8 billion. They raised taxes on individuals, businesses, sales, cigarettes, alcohol, hotel stays, luxury goods, on-line sales and the death tax...they raised over 50 taxes on the people of Connecticut. After all these tax increases they tell us there may be a $ 2.5 billion dollar shortfall next year ?
Wondering November 17, 2012 at 10:09 PM
Upset your wife's BMW's price went up?
Dr. Robin Appleby November 17, 2012 at 10:25 PM
Wondering, my wife drives a 2006 VW Jetta diesel (read my blog on living a low energy lifestyle of Nov. 27, 2011). She turned in a SUV (Explorer) that got 13 mpg for the Jetta which gets 45-50 + mpg. In an emergency, they will more than likely give a priority to making diesel fuel since so many emergency vehicles and trucks/trains/boats use it. You probably have hundreds of gallons of fuel in your home, for emergency use. You get about 30 % more energy from a gallon of diesel, half from more long chain hydrocarbons and half from the increased compression/better fuel air mixture. About 60 % of vehicles in Europe are diesels. BTW, we used 124 gallons of heating oil for Jan, Feb and March 2012. I very much recommend the Yukon-Eagle oil/wood indoor furnace if you have forced hot air. And all the ash goes on the gardens. It is about 2/3 comparable to lime and has some phosphorus and considerable potassium (0-1-5) and many trace elements.
Hermann Zwergel November 18, 2012 at 12:34 AM
But according to Republican Governor Jindel, the GOP remains the party of STUPID !
John Hawley November 18, 2012 at 12:43 AM
We don't agree sometimes but this is a GREAT response! Thanks!!!!
Dr. Robin Appleby November 18, 2012 at 12:19 PM
After raising 50 taxes by $ 1.8 billion dollars, Democrat governor "Dan" Malloy said that his plan was a "rigorous initiative to grow jobs" in Connecticut. "Gov. Malloy is a good example of a governor who creates a hostile clilmate for business in general" according to the Cato Institute report card on the 50 state governors (Malloy being in second to last place).
Steven DeVaux November 18, 2012 at 08:18 PM
Malloy can't legislate reality
Dr. Robin Appleby November 18, 2012 at 09:48 PM
I love when Democrat professional politician/lawyers like "Dan" Malloy talk about 'creating' jobs. They have never had a job in the private sector. They have never run a business or met a payroll. They have never created a job and wouldn't have the first idea how to do that. They have never worked all month, paid their employees and had nothing left over to pay themselves. They have never juggled credit card debts to stay afloat. They have never had to look great employees in the eye and let them go. They have never laid awake all night trying to fiqure out how they will make it another week. But these professional politicians like Malloy(who seem to get a paycheck every 2 weeks, gold plated health care and pension) are going to tell US about creating jobs. Gov. Malloy said that he has a "rigorous initiative to grow jobs" in Connecticut. Wow, that's a relief.
Steven DeVaux November 18, 2012 at 11:47 PM
He certainly has done enough damage to Connecticut ecomomy along with his cabal of cohorts. And they guaranteed the unions no layoffs for 5 years. Who's doing all this economic hiring. Not UBS in his hometown of Stamford. They are LAYING off 10,000.
Dr. Robin Appleby November 19, 2012 at 12:33 PM
So, after the Democrats raise taxes $ 1.8 billion, the largest increase in CT. history, the state budget will be billions of dollars in deficit ? Connecticut's pension funds are only 53 % funded...only Democrat Rhode Island is worse, having a $ 44.8 billion deficit (and the pensions LOST money this year).
mike murphy November 19, 2012 at 04:38 PM
like I said, put the toll booths back up! problem solved in less than 3 years max.
Steven DeVaux November 20, 2012 at 01:06 AM
Yes Robin, but then the legislature can push the teacher pension costs down to local boards of education to pay and say they kept their promise of no new taxes. Change you CAN believe in!
Alethiologist November 21, 2012 at 10:17 AM
Glad to see citizens with opinions are alive and well in Brookfield. The 'citizens' in Wilton are just a bunch of sheep accepting the status quo.

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