Colin McEnroe Show: Gov. Malloy Readies For Budget Armageddon

Legislators and pundits weigh in prior to tomorrow's special session.

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Colin McEnroe Show: Gov. Malloy Readies For Budget Armageddon
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Colin McEnroe Show: Gov. Malloy Readies For Budget Armageddon

OK, I know this might not be as easy and fun as yesterday's show on comic books, but if the current state budget were a comic book, it would be about a dystopian future. (And present for that matter ...)

The state constitution requires that the budget be balanced by Friday. It isn't. The plan for doing that included significant givebacks by the state employees. They wouldn't do it.

Governor Malloy has called the legislature into special session to ask for new budget cutting powers.

They don't want to give them to him.

If he got the powers, he'd use them for nearly 5,500 layoffs, possibly resulting in a state government that doesn't work.

The special session kicks off tomorrow. It seems almost impossible that all the sides can resolve their differences by midnight. But they have to.

Leave your comments below, e-mail colin@wnpr.org or Tweet us @wnprcolin.


  

Comments

Colin,You've got to be kidding !

Colin,

If you lay off that number of people, do you have a government that does work".....you have been living under the umbrella of Hartford too long. Try looking at what is accomplished in many of the smaller towns around the state with many less employees. Even with the layoff's of 7.5K we are still bloated. get Malloy to hire McKinsey or Booz etc. and get the government re-organized to be efficient so we can grow.

Budget

Ok raise my taxes, cut my job, can you also feed my kids?

Scapegoting the middle class...

Everyone who has examined the tax structure in the State of Connecticut, neutral observers, academics, and partisans, has concluded that it is heavily dependent on taxes paid by the wealthy. That is part of what made the economic collapse particularly bad here: the wealthy saw their incomes collapse first. Receipts declined by 20% within months of the financial collapse, largely due to the loss of income to the wealthy. They were still rich, but their cash flow, and hence taxable income had just dried up. The middle class and lower class still had jobs and incomes, for a while.

While it might make short term sense to "soak the rich" it will simply exacerbate the problem Connecticut has in the future. We will repeat the cycle of inflating state spending and services and then having a major crisis when the small sector of the population that supports most state spending has problems.

The state HAS to raise taxes on everyone, rich, middle class, and poor, to afford the services it currently provides, and have some stability of income to pay for those services. Regressive taxes like the sales tax are better at providing stability and show less volatility than income taxes. We either increase taxes on everyone, or accept that we can not, in a state that has not generated ANY new jobs in 20 years, afford the services we provide.

Scapegoating the middle class

The middle class did not cause the recession, and low and middle income families have been paying combined state tax rates, ie., property, sales, excise and income tax rates 2 to 3 times the rate paid by the top 1%. Large corporations have been avoiding state taxes altogether. Middle class spending is the economic driver for small business, and yet we have a governor wanting to resolve the revenue shortfall not by asking the ultra wealthy to pay their fair share or collecting taxes from corporations, but by demanding more from those who can least afford it.