Governor: No Major Budget Cuts Planned
By SUSAN HAIGH, Associated Press
HARTFORD, Conn. (AP) _ Connecticut Gov. Dannel P. Malloy says he has no plans to propose major cuts to next fiscal year’s state budget despite a decline in state revenues.
The Democratic governor said in an interview Friday with The Associated Press that he believes revenues will rebound, as originally projected in the two-year, $40.1 billion budget plan that passed last year. He said he’s “not seeing anything” that indicates revenues will not rise in the fiscal year that begins in July.
Malloy is scheduled to address a joint session of the General Assembly on Wednesday, the opening day of the new legislative session. He will also present changes to the second year of the two-year budget.
Malloy’s budget office recently cut spending to cover a $73.6 million deficit that emerged this fiscal year.
(Copyright 2012 by The Associated Press. All Rights Reserved.)