Dire Budget Straits: “We’re in a Lifeboat and We’re Taking on Water”

Tuesday was the second day of meetings between legislative leaders and Gov. Malloy’s people to try to figure out how to cut $243 million to address the growing budget deficit. Malloy has said he won’t allow new taxes or increasing rates on existing taxes. That leaves enacting deep cuts.

“It’s like we’re in a lifeboat, we’re taking on water and now we have to decide what to throw over,” said state Senate Majority Leader Marty Looney, a veteran of the budget process and who was in the room for the first two days of budget negotiations. Looney said the Malloy administration’s people, led by budget chief Ben Barnes, laid out a list of options—a sort of menu of potential cuts, but that it’s too early to talk specifics. Minority Republican leaders are participating in the meetings as well.

One program Looney can be expected to fight for is the earned income tax credit (EITC) for the working poor. The New Haven Democrat spear-headed its passage and Gov. Malloy has been firmly behind it. Republicans for the most part think of it as giving money to people who don’t pay income taxes (that’s because they don’t make enough money).

A special session has been set for Wednesday December 19th. Looney says everyone in the room is hopeful the deficit mitigation will be done but no one is going to like it. “This is a very painful process—every social service program, contracts with nonprofits, just about everything will be affected,” he said.

Bookmark and Share

Your thoughts?

Loading Facebook Comments ...
Loading Disqus Comments ...

Comments

  • Hello! Solve you know rider they make some plugins to evade with Search Engine Optimization? I’m difficult to get my blog to rank representing some embattled keywords nevertheless I’m not as fantastically sunny gains. Rider you get of some delight let somebody in on. Appreciate it!

  • DATABASELTD says:

    I like this web blog very much, Its a real nice place to read and find info .

  • Enjoyed shopping at this, incredibly fantastic things, thankyou . “It requires extra courage to suffer than to die.” by Napoleon Bonaparte.

  • filmweb says:

    Well, I deduce that could live since Abigail and the girls commenced accusing further folks of witchcraft when they had been just naked dancing naked inside the woods and therefore, bad. Abigail furthermore engaged in a affair along with John Proctor. Persons they were accusing were entirely not prone of accurately what they’d been recently accused coupled with, and the particular accusers had been the furthermost fixation by the globe from being holy… they wrecked up manner bogus witness.

  • hello!! I need a phone number to the administrator. PM me skoobys@oxford.edu

  • ;] I do not agree with you. Why? o_o bye

  • Upon notification of a claim. Underwriters do not really know if their car into the policy limits. Remember that insurance companies are trying to minimize their risk.

  • GLOBALHOSTS says:

    Undeniably imagine that which you stated. Your favorite justification appeared to be on the net the easiest thing to keep in mind of. I say to you, I definitely get annoyed even as other folks think about issues that they plainly don’t know about. You controlled to hit the nail upon the top as smartly as outlined out the entire thing without having side-effects , folks can take a signal. Will likely be again to get more. Thank you!

  • XBOXGAMEPAD says:

    Very interesting topic , thanks for posting . “All human beings should try to learn before they die what they are running from, and to, and why.” by James Thurber.

  • wow – I searched and found it. Thanks for the post. Martin Colin

  • Slingbox says:

    hello!,I like your writing very so much! percentage we communicate more approximately your article on AOL? I need an expert on this space to solve my problem. May be that’s you! Having a look ahead to look you.

  • Baylion stated on September twenty, 2012

  • nqaymleig says:

    vzrqhqadr cioon druxnjo uocw ybinwbkluoegdnv

  • You really make it seem so easy along with your presentation however I in finding this topic to be actually something that I believe I would never understand. It sort of feels too complicated and very broad for me. I’m looking forward for your subsequent put up, I’ll attempt to get the cling of it!

  • ljY3E1sde says:

    594252 401452Amaze! Thank you! I constantly wished to produce in my internet web site a thing like that. Can I take element with the publish to my weblog? 921503

Comments Closed