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Gov. Malloy Vows No New Taxes To Close Connecticut Budget Gap

The state's budget deficit is now projected to top $1 billion but Gov. Dannel P. Malloy has said he won't hike taxes again to close the budget gap.

Despite a growing budget shortfall that is expected to hit $1.1 billion in the next fiscal year, Gov. Dannel P. Malloy is vowing that he won't increase taxes again. Malloy last year hiked state taxes by an historic $1.5 billion to help balance the state budget.

Combined with the current year's budget gap of $365 million and the additional shortfall of about $1 billion expected in the 2013-2014 fiscal year, Malloy and state lawmakers are facing deficits of more than $2.5 billion when they meet in early 2013 to craft a new two-year budget, according to the Connecticut Mirror.

Malloy, however, said this week that the shortfalls will not require additional tax hikes. In a press conference following the release of the new budget figures, Malloy said the state fiscal problems are the result of weak economic factors nationwide and that no new taxes would be needed to close the budget gap.

Bernard Cohen November 19, 2012 at 06:12 PM
He beat us up so bad last year with his back tax new tax he knows he will never get re-elected. I voted against all incumbents who voted for that tax and Malloy will never get another vote of mine

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