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HARTFORD – Governor Dannel P. Malloy addressed a joint session of the State House of Representatives today, laying out his vision for the next biennial budget for the State of Connecticut. State Representative Ben McGorty noted that the budget did nothing to change the administration’s lack of fiscal responsibility by simply increasing taxes on the middle class, and sending the tab for bad financial management to cities and towns.
“This budget disproportionally impacts middle class tax payers by forcing our communities to raise property taxes,” said Rep. McGorty. “From the elimination of the $200 property tax credit to the inclusion of $250 million we don’t have for the XL Center in Hartford, there isn’t a lot of good news in this budget, and it represents a doubling-down on bad policy.”
McGorty noted that the budget assumes $1.4 billion in union concessions, similar to Malloy’s failed 2011 budget policy that never achieved the 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 shifts $400 million in teacher pension payments to municipalities.
