Gov. Malloy on His Budget Plan: 'No New Taxes'

The governor has to work with the state's General Assembly this session on how to plug a $2 billion hole in the Connecticut budget.

Gov. Dannel P. Malloy is pledging that Connecticut taxpayers will see no new taxes in the budget deficit plan he is crafting.

Malloy is facing a $2 billion state budget shortfall when the new fiscal year begins July 1 and is expected to release his new budget on Wednesday, Feb. 6, according to the Hartford Courant. 

"There's no new taxes in this budget,'' the Courant quotes Malloy from a press conference the governor held Friday. "I've said that. I told you that months ago, and none of you believed me. There's enough pain to go around in this budget..."

Many in the state are bracing for the cuts that could come as a result of his budget proposal. While Malloy after his election in 2010 quickly gained the trust of local leaders because of his friendly overtures toward smaller communities and their needs, town leaders now are worried that his cuts could come at the expense of local programs and aid.

Malloy's budget dilemma comes after, and despite of, the largest state tax increase in state history — some $1.5 billion in new revenues — that the governor proposed and the state legislature passed in 2011.

Richard Poulton February 04, 2013 at 05:21 PM
"Largest state tax increase in state history" last year. 1.5 billion in new revenue last year. And what happened, we are in debt for over 2 billion. They just spend and spend. This year alone he put hundreds of million of dollars on the state credit card in bonding for stupid stuff, which has to be paid by the next 2 generations. Way to go there Danny boy. Just wait until next year when we will be back in debt further.
thomas February 04, 2013 at 05:30 PM
malloy still reminds me of barnaby the villian in [ march of the wooden soldiers with laurel and hardy] he did open the packies on sunday though.
limto February 04, 2013 at 05:48 PM
spending is the only thing this state knows how to do. We got a big state tax hike in 2011 and then a few thousand more in new federal tax hikes. Let's not forget about the obamacare costs that are coming our way too. If some of CT Taxes Don't Expire As Planned in 2013, Does It Become A Tax Hike? hmmm, sure sounds like a tax hike. http://articles.courant.com/2013-01-25/news/hc-malloy-taxes-0126-20130125_1_electricity-tax-tax-hike-tax-increases
Bob Fawkes February 04, 2013 at 08:39 PM
Malloy looks to me like a beady eyed rat, boxed in, cornered, just looking for a way off the Titantic. Packies open on Sunday don't hardly put a dent into the budget shortfall. Look next for marajuana legalization (new TAXATION source). Don't know how much that will do but at this point, can't hurt...
Bob Fawkes February 04, 2013 at 08:46 PM
AUSTERITY! Coming your way Comrades, in the form of reduced subsidies to municipalities for education, infrastructure, social programs. Higher Taxes WILL AGAIN be slipped in there somewhere, under the guise of a VAT ("Value Added" tax) on your income perhaps, or by some other obfuscation. You Dem's/Repub's will willingly work into your 80's and 90's, just to put that can of Little Friskies on your dinner table. "Pate", easier on the gums.. When will these fool politicians have the light bulb go off in their heads, enlightening them as to the dire reality of a resource depleted planet and a permanently contracting global economy? When, oh Lord? When?


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