Budget Update - GA Special Session
Our lobbyist from AFT-CT has given the following update to the recently passed budget and the upcoming Special Session of the General Assembly:
The General Assembly will go into special session next week to complete its work on the budget. Last week, Governor Malloy told the press of his desire to roll back some of the taxes on corporations and replace them with across the board spending cuts of 1.5%. All debt service, including pensions and retiree healthcare, would be excluded. So far, the General Assembly has not signed off on this plan and has yet to finalize its own plan for special session.
Attached is a copy of what 1.5% cuts would look like if the General Assembly agreed to the Governor’s plan. These are in addition to cuts that already exist in the budget passed June 3 (cuts from the previous year’s budget).
