Nonpartisan analysts predict $2.8 billion budget deficit for 2016-17

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7 responses to “Nonpartisan analysts predict $2.8 billion budget deficit for 2016-17”

1. John Hamlin

   May 30, 2014

   So the Democrats’ argument for their reelection is that they are bad but not as bad as past Republican administrations? Really? Like they think that’s going to motivate anyone to vote for them in light of the past four years of economic devastation in Connecticut? When Hartford won’t fix Metro North but can build a bus lane from New Britain to Hartford? Their consolation as they approach November should be that the Republicans will put up weak candidates and don’t have the toxic but politically powerful public employee unions in their hip pocket. Maybe it’s time for a third party for the fiscally responsible and socially moderate.

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2. One and Done.

   May 30, 2014

   Here is a stupid idea. Instead of growing spending by 20% in 4 years, why not just keep it flat until the economy can recover? Or would that renege on all the promises made to the unions?
   .
   One and Done.

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3. Piberman

   May 30, 2014

   No doubt about it. When it comes to finance and supporting public unions Gov Malloy and our Democrat legislators are the best. Even after 4 years of economic expansion and a historic tax hike the Governor still reduce public union employment to produce balanced budgets. CT continues as the nation’s pre-eminent poster child for irresponsible finance.

   Norwalk citizens can do their part next fall by re-electing the same Democratic state legislators who support the Governor’s inability to manage the state’s fiscal affairs. After all Norwalk voters need maintain the City’s reputation for always favoring fiscal mismanagement.

   Imagine what more damage Gov Malloy and his Democrat legislators can do over the next 4 years ! Awesome.

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4. Bill

   May 30, 2014

   When are we going to say no to the public employee unions? This is ultimately what is killing this state. Texas isn’t looking at a deficit next year, they have a surplus, but our idiot politicians can’t seem to say no to automatic pay increases to those who are already overpaid and able to retire at 60.

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5. anon

   May 30, 2014

   Many public union employees can retire at age 55.

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6. Nonpartisan

   May 30, 2014

   Sure this didn’t help

   § 50 — INCOME TAX EXEMPTION FOR TEACHER PENSIONS
    
   The bill exempts a portion of state teachers’ retirement system (TRS) income from the income tax. It does so by allowing taxpayers, when calculating Connecticut adjusted gross income for state income tax purposes, to deduct 10% of TRS income for the 2015 tax year, 25% for the 2016 tax year, and 50% for 2017 and subsequent tax years.
    
   EFFECTIVE DATE: July 1, 2015, and applicable to tax years beginning on or after January 1, 2015.
    

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7. piberman

   May 30, 2014

   We ought to remember that it was a comination of GOP Governor and Democratic Legislature that gave newly elected Gov Malloy a 3.85 bil. budget deficit. Based on the Gov and Democrat Legislature’s performance over the past 4 years it will take Democrats another 4 years to secure balanced budgets setting a national record. But and its a big but we’ll see another national recession over the next 4 years. So its unlikely the fiscal skills set of the Gov and a Democratic Legislature. So its likely Democrats will deliver fiscal deficits well into the future.

   The message is clear. Voters who favor continued state fiscal deficits need return the Democratic team to Hartford. The public unions are counting on Norwalk voters to give them “more respect” by voting the entire Democrat line this fall.

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