Connecticut's Budget Deficit is Growing

Is the state heading toward its own fiscal cliff?

Connecticut's budget deficit is increasing, taking a perilous plunge on Friday that is pushing it toward the $300 million mark, the Connecticut Mirror reports.

While the website questions whether the deficit will force Gov. Dannel P. Malloy to increase taxes — again — to cover continued budget shortfalls, Malloy last week said he would not hike state taxes, according to the Republican-American newspaper. 

The growing state budget deficit, the Mirror reports, is the result of revenue shortfalls that are greater than Malloy administration officials originally anticipated. Officials in his administration blame the shortfalls on the overall weakness of the national economy. State Republican leaders, however, lay the blame on the weakening effect on the state's economy of the $1.5 million in new taxes the Malloy administration implemented in the last year.

Malloy will present his new budget plan to the General Assembly when it meets in early 2013.

Paul Alexander November 12, 2012 at 06:26 PM
Malloy made a calculation after his election in 2010 that by foisting the largest tax increase in Connecticut history on the taxpayers of Connecticut in 2011, then he would not need to raise taxes in 2013 when the General Assembly meets next. Not raising taxes the year before he runs for re-election in 2014 was the goal. Just coast through re-election on the fat “rainy day” fund his massive tax increase created. Oooops. Now what Dan? His pledge to not raise taxes is WORTHLESS! He WILL raise taxes in 2013, retroactive to January 1st, of course. He has to. The rate at which the budget deficit is rising is outpacing the state’s rainy day fund. Of course Dan will cite circumstances beyond his control as justification for the tax increase. Like a child…”I didn’t do it”…”It’s not my fault”… will be his response. And more businesses and more people of wealth will leave the state for other states where their wealth and business plans are treated with much less hostility. Good one Dan! Hopefully, by 2014, your ineptitude will be evident to ALL the voters.
Paul Alexander November 12, 2012 at 06:28 PM
OK....start the clock on how long it takes Sully, with his perverted man crush, to say something stoopid. What's the Over/Under on that???
Big Family November 12, 2012 at 07:19 PM
I'm not so sure Paul, Obama just won re-election with just that response.
Paul Alexander November 12, 2012 at 07:29 PM
The Town of Newtown should not put to Referendum...and the voters should not approve...ANY town budget for next year until the State budget, and it's attendent tax increase, is approved by the Governor.
Richard Hooker November 12, 2012 at 09:05 PM
Yep, and ALL of CT sheep are to blame for voting this guy in office. Good job people! Looks like you all voted for the good guy, right? This is EXACTLY what you get with a democrat in office.
Mr D. November 12, 2012 at 09:46 PM
Linda for gov in 2014?
yoda November 12, 2012 at 10:16 PM
Let’s start by getting that money back from Pres Obama, with his very expensive trip to Westport, Ct so he could raise his money for his campaign, our state dished out a lot to keep him safe!!!! What a waste, NO ONE EVEN CARED HE WAS HERE!!!!! As for Malloy, I will vote for him when he is running for President!!!!!
Veritas vos liberabit November 12, 2012 at 11:47 PM
Hey Rasmussen, are you still all giddy over those GOP sweep predictions? How did your fellow knuckle draggers do in The Peoples Republic of Flori-Duh? ps: I'm still laughing. pss: what happen to your fellow giggy boy Alex (Eric), he appears to be MIA !!! LMIAO !
Paul Alexander November 13, 2012 at 01:44 PM
More "Value Added" critical thinking from The Patch's favorite crank. I should have taken the Over.
Linda November 14, 2012 at 02:01 AM
I'm not sure what to say, except told you so. The state votes Democrats in over and over. They offer no solutions for growth and then we complain about the state of our state. Can we try something NEW for a change?
G November 14, 2012 at 03:13 AM
I read somewhere that the election is over. And I didn't see you you telling anyone your opinion about the election or the state of the state. But if you voted, then you certainly have the right to complain. If you didn't vote, then please STFU.
Paul Alexander November 14, 2012 at 02:01 PM
Malloy is an incompetent boob. But he is not a dangerous boob. Malloy’s election as Chief Executive of the state of Connecticut is simply a symptom of the judgment of an entire ELECTORATE of Boobus Americanus. THAT is the danger. Connecticut can survive four years with Malloy at the helm. It can’t survive another generation of idiots sending boobs to Hartford.
Paul Alexander November 14, 2012 at 02:05 PM
G, BTW pal...I don't even LIVE in Connecticut (Hope to have a home there soon enough) and I am sure as hell not going to STFU.
Paul Alexander November 15, 2012 at 04:45 PM
Connecticut loses 200+ NEW, high paying Pratt & Whitney jobs... “Gov. Scott, United Technologies CEO to announce new Pratt & Whitney jobs in Palm Beach County” http://www.palmbeachpost.com/news/news/gov-scott-united-technologies-ceo-to-announce-new-/nS7Bc/ These are jobs that COULD have gone to the West Hartford plant Governor Malloy. Low taxes vs high taxes Business friendly vs business hostile Union vs non-union Figure it out already before Connecticut implodes.
Paul Alexander November 16, 2012 at 02:01 PM
“Pratt & Whitney to hire hundreds of engineers in Palm Beach County over next 8 years” http://www.palmbeachpost.com/news/business/employment/gov-scott-united-technologies-ceo-to-announce-new-/nS7Bc/ “Pratt & Whitney also considered expanding in Connecticut, where it assembles engines, but decided to hire here instead.” If you live in Connecticut and are an unemployed aerospace/mechanical engineer or engineering technician then consider moving to Florida. Florida is a right to work state. (Great for hard working employees and REALLY great for business owners) There is no state income tax. ZERO. There is no state estate (death) tax Your property taxes will be less than half what your pay in CT The infrastructure isn’t crumbling The weather is fabulous year round Florida is a “Will Issue” concealed carry permit state and by law you will have your permit within 90 days without any need for permission from your local law enforcement agency. I’ve lived many years in both Florida AND Connecticut. Life is ten times easier here. Vote with your feet against the harm being caused to your welfare by Connecticut politicians and unions.
Veritas vos liberabit November 16, 2012 at 02:14 PM
Wonderful, so can we assume that you are staying, and will stop annoying Newtown residents?
Paul Alexander November 16, 2012 at 06:01 PM
Well, I won’t give up my Florida residency/domicile/homestead if that’s what you mean. 30 years ago while I was in flight school in Pensacola a smart guy advised that I drop my Connecticut residency and adopt Florida as my state of residence. It’s saved me a small fortune over 30 years. But, yes, owning a summer home where I grew up in Newtown is still part of the plan. Maybe we’ll be neighbors Sully. I’ll invite you over for some beers and target practice. Oh...and the folks who write and tell me to run for office don't seem too annoyed. Maybe I'll run for assistant dog catcher.


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