.

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.

Thomas Alegi November 16, 2012 at 10:41 PM
Gov. Malloy, what do you call the Sales Tax that you are going to charge people who use eBay and PayPal, “Connecticut Internet Usage Fees.” Gov. Malloy, everyone knows you are trying your best to figure out a way to Tax the air we all breathe in Connecticut. However, before you do that, cut your salary and those of your department heads first before you implement any more Usage Fees on Connecticut residents.
John November 17, 2012 at 01:00 PM
Please don't raise taxes.
George Levinson November 17, 2012 at 06:32 PM
It's the SEBAC deal coming home to roost. So much of the claimed savings never happened and probably never will. Shame on the governor for not making the unions give back for real.
Don Charles November 17, 2012 at 07:13 PM
You people voted him in when youn were told he was a free spending union loving big government sleaze, now you can suffer with all his taxing.You know he will get any taxes he wants since the htfd state house is loaded with liberal do as they are told Democrats.
John November 17, 2012 at 07:57 PM
Time to revamp the state pensions . That's whats killing us

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something