HARTFORD — The state’s credit was downgraded recently by one of the three major rating agencies because the Democratic-controlled legislature’s decision to use one-shot revenues to cover our deficits and borrow its way out of the current financial mess, Rep. John Piscopo said this week. This development has huge implications for Connecticut’s fiscal stability, said [...]
Massive Democratic tax increases – $3.3 billion in property, income, business and sales taxes – will destroy jobs, drive more residents from Connecticut and worsen the state’s recession, state Rep. John Piscopo said today. The proposed Democratic tax and spending plan crafted in secret behind closed doors hits taxpayers the hardest and makes no attempt [...]
HARTFORD – No tax increases, no cuts to towns and cities and a smaller, more efficient state government are the hallmarks of Gov. M. Jodi Rell’s budget, which was delivered by the Governor to the Legislature today.Nearly two-dozen state agencies would be eliminated or absorbed into others and the budget would relieve towns and cities [...]
House Republicans today voted to reduce the state’s mounting deficit by $185 million, $54 million more than the Democrats, who added an additional $274,000 in hidden spending that will only add to the state’s fiscal crisis. Republican lawmakers also offered to cut their own pay by 5 percent, delay an $87 million labor contract until [...]
