Malloy Making Changes To Budget Presentation
HARTFORD, Conn. (AP) _ Connecticut Gov. Dannel P. Malloy’s budget director is making changes to how the state budget will be presented.
In a memo distributed to agency heads on Wednesday, Benjamin Barnes said there will be a line for each agency budget that accounts for the cost of implementing Generally Accepted Accounting Principles, new accounting standards Malloy wants to apply to state budgeting.
Barnes said the administration also plans to streamline the budget. Certain appropriations will be consolidated and the number of line items will be reduced from 675 to 530.
Barnes said restructuring the budget should give agency heads more latitude to find cost-effective ways to meet their statutory requirements.
Malloy, a Democrat, is scheduled to present his new, two-year budget to the General Assembly on Feb. 6.