Malloy: No new taxes, no deficit

By Christine Stuart

HARTFORD, Conn. – Gov. Dannel P. Malloy told a group of business leaders Wednesday that there’s not going to be a budget deficit in 2016 and he’s not going to raise taxes if there is. That’s assuming he runs for re-election and is elected to a second term.

The Office of Fiscal Analysis predicted last November that the state would have a deficit of more than $1 billion starting in fiscal year 2016.

“If we did have a deficit we’re not going to raise taxes. We’re done,” Malloy said. “I gave.”

He said in 2011 when he took office he faced a $3.6 billion budget deficit and there was no other way to fix that problem without taking a look at everything from tax increases to changes in the state’s relationship with its workforce.

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