HARTFORD – Gov. Dannel Malloy unveiled his final budget proposal Monday, offering several modifications to the 2018-2019 budget accepted by the legislators in October.
Malloy called the proposal, which the Office of Policy and Management says balances the budget of the current biennium, good for Connecticut’s long-term fiscal stability.
“This plan continues to pay down the state’s long-term obligations, further reduces our reliance on one-time revenues, and identifies clearer and more achievable savings targets in the underlying budget,” Malloy said. “When it comes to our budget, there are few easy answers left for state leaders – what matters most is that we achieve balance with realistic and responsible changes.”
Among other things, Malloy’s proposal includes expenditure and revenue changes totaling more than $266.3 million. The proposal also reduces projected out-year deficits by half – decreasing by $1.35 billion in FY20, $1.43 billion in FY21, and $1.49 billion in FY22.
State Sen. Len Fasano, R-North Haven, criticized Malloy’s proposal, pointing to cuts to municipal aid and increases to certain taxes as areas of concern. Overall state municipal aid decreases almost $100 million in the proposal.
“Last year the legislature, in a bipartisan effort, did something historic, positive and full of hope. As we continue to work on our budget proposals, we intend to stay on that path,” the president pro tem said. “I think everyone in Connecticut knows by now that following Gov. Malloy’s leadership only brings fiscal disaster.”
Here’s how other area towns fare in Malloy’s proposed budget adjustment:
- Bristol: Municipal aid in Fiscal Year 2019 increased from $50,384,944 to $50,524,444, less than a 1-percent increase.
- Plainville: Municipal aid in Fiscal Year 2019 reduced from $11,525,472 to $10,342,223, about 10-percent.
- Southington: Municipal aid in Fiscal Year 2019 reduced from $22,189,787 to $19,695,370, about 11-percent.
Skyler Frazer can be reached at 860-801-5087 or by email at firstname.lastname@example.org.