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CT Gov. Malloy Proposes More Than $1B In Spending Cuts

Connecticut Governor Dannel Malloy
CT.gov
Connecticut Governor Dannel Malloy

Connecticut Governor Dannel Malloy's new budget plan calls for $1.5 billion in state employee givebacks over two years and shifts about $400 million in teacher pension costs to cities and towns from the state. The Democrat announced his two-year, $40.6 billion spending plan today before a joint session of the General Assembly in Hartford. 

"My plan contains $1.36 billion in new spending reductions," Malloy said. "These cuts are not made lightly, and I know they will include things that people in this chamber strongly support. Let me assure you, they include things that I myself strongly support."

The proposal comes as Connecticut faces a $1.7 billion deficit in the year beginning July 1 and another $1.9 billion the following year.

Malloy's plan for the next budget year includes about $320 million in new revenue, including about $200 million in tax increases.

The governor's budget also calls for reducing state aid to wealthier communities and sending more aid to poor communities including cities.

The Associated Press contributed to this report.

Jim is WAMC’s Associate News Director and hosts WAMC's flagship news programs: Midday Magazine, Northeast Report and Northeast Report Late Edition. Email: jlevulis@wamc.org
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