CCM: Deficit Package A Win For Property Taxpayers
CCM Executive Director Joe DeLong said that “city and town leaders truly appreciate the action today (Tuesday, March 29) by state legislators that rejected further mid-year cuts in state aid to local governments – cuts that would have been very difficult to manage so deep into this fiscal year.
“Legislators recognized that the $16.7 million mid-year cut would have shifted the tax burden unfairly onto our already overburdened property taxpayers.
“Local leaders understand the significant fiscal difficulties faced by the State at this point in its history. All spending cuts are difficult, but sparing towns from more mid-year cuts is a evidence of a strong partnership between the state and local governments, and a real recognition of the interdependence of the state-local tax system when setting the tax burden on our residents and businesses.”
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CT Post - Lawmakers pass bipartisan Connecticut deficit fix
HARTFORD, Conn. (AP) — While Connecticut lawmakers quickly and overwhelmingly passed a bipartisan plan Tuesday to slash this fiscal year's $220 million deficit, many warned of the tougher challenge they still face balancing the budget for the new fiscal year that starts July 1.
That unfinished tax-and-spending package must cover a projected $900 million deficit and will likely include large numbers of state employee layoffs and more painful cuts to social services. Each budget year is roughly $20 billion.
"This is not enough," Senate Minority Leader Len Fasano, R-North Haven, said of the mid-year, deficit-cutting plan that cleared the Senate on a 33-3 vote and the House of Representatives on a 127-16 vote.
"We have to talk about structural changes now," he said... Read More
Hartford Courant - House and Senate Approve Bipartisan Budget Deal By Wide Margins To Close This Year's Budget Gap
HARTFORD – Legislators approved a bipartisan budget deal Tuesday that preserves funding for hospitals, nonprofit organizations and municipalities while closing the $220 million budget deficit for the current year.
Gov. Dannel P. Malloy said he will sign the bill, which restores the funding that he had proposed cutting.
Despite the spirit of cooperation at the Capitol, legislators admitted that closing the projected $220 million deficit for this year is far easier than tackling the much larger $900 million deficit for the next fiscal year. The votes Tuesday were focused only on the short-term problems, and the legislature will be grappling with next year's problems over the next six weeks... Read More
CT News Junkie - Bipartisan Budget Deal Sails Through Both Chambers
For the fourth time under Democratic Gov. Dannel P. Malloy, legislative leaders on both sides of the aisle were able to strike a bipartisan deal. This time it would close this year’s $220 million deficit.
The deal maintains funding for state hospitals, community nonprofits, and municipal funding. It also sweeps about $62.1 million from various funds outside the general fund and reduces monies for various state agencies by about $83.4 million. It cuts about $9.5 million from the judicial branch and $1 million from the legislative branch...Read More