Do you remember – it was just last year – when our governor promised a balanced budget, one paid for by higher taxes and reduced expenses for state employees?
This budget requires a shared sacrifice.
o $1.5 billion in taxes of which 81% paid by individuals; 19% by businesses.
o $1 billion in savings from state employees.
o $758 million in spending reductions.
Well oops! We have a $300 million deficit and it’s growing. Guess someone forgot to implement that “shared” sacrifice. Malloy denies any connection between raising taxes and lowered revenue, between sweet heart deals with his union supporters and increased spending. “I blame Bush”, he told FWIW’s Frankie Fudrucker.