Facing Deficit, Malloy Set to Increase Spending

by Christopher O'Brien
Hugh McQuaid, photo

Hugh McQuaid, photo

Based on current spending the state is expected to have a built-in $2.2 billion budget deficit over the next two years, but Gov. Dannel P. Malloy said Friday that the budget he will present to the General Assembly on Wednesday will include a spending increase.

“Yeah. That would be correct,” Malloy said in answer to a question about whether the new budget will increase spending.

“But we are going to present a balanced budget with no tax increases,” Malloy insisted. “And we are going to support programs that are most likely to produce a growing economy in the future.”

Continue Reading…

Be Sociable, Share!


Comments are closed.