Posted on February 8, 2017
HARTFORD – Calling Gov. Malloy’s budget proposal “universally unpopular,’’ House Republican Leader Themis Klarides today said the plan would hit Connecticut’s middle class the hardest by shifting the tax burden to towns and cities, and workers who can least afford huge tax increases.
The budget assumes $1.4 billion in union concessions, similar to Malloy’s failed 2011 budget policy that didn’t achieve the projected savings. That led to repeated deficits, including the projected $1.7 billion hole for the next fiscal year, and $1.9 billion the year after. The proposal represents a $200 million tax hike and also shifts $400 million in teacher pension payments to municipalities.