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Did Malloy Have a Pointless Study Done Just to Attack Political Opponents?

October 18, 2017 By Staff
Did Malloy Have a Pointless Study Done Just to Attack Political Opponents?

Malloy's sour grapes extended to a study, produced by a consulting firm for Malloy's budget director, that poked holes in a Republican idea on pensions.

On Wednesday, Gov. Dan Malloy (D-Conn.) issued a press release responding to “an independent actuarial analysis that was produced by Cavanaugh Macdonald Consulting, LLC” and sent to Malloy by his budget director, Ben Barnes.

“We already knew that the illegal pension scheme proposed in the Republican budget would lead to a lengthy legal battle and eventually cost Connecticut taxpayers billions of dollars,” Governor Malloy said. “Now, thanks to this analysis, we also know that even a more modest prospective change for employees who are still unvested in 2027 would offer almost no savings at all to the state in the current biennium.

In the memo to Malloy, Barnes says “the proposals for 2027 changes that were included in Senate B, the republican [sic] budget that you recently vetoed, would have applied changes far more broadly than I believe can be accomplished.”

In a hastily-arranged press conference on the findings, some reporters asked Malloy if such a study was necessary, given he already vetoed the GOP budget.

“Sure,” Malloy said. “[Legislators] didn’t realize what they had voted on.”

One reporter asked Malloy if this separate analysis cost state taxpayers anything. Malloy neither confirmed nor denied, but said if it did cost something “it was a legitimate expense.”

The state is in a budget crisis, and projected to run a two-year, $3.5 billion deficit.

Senate Republican President Pro Tempore Len Fasano (R-North Haven) said Malloy is wrong:

“What the governor said today is the same thing he’s been saying for weeks. The only problem is he’s wrong. The governor continues to argue that pension reform 10 years from now cannot affect any state employee who is vested. But numerous courts have upheld the rights of the legislature to make such changes.”

Fasano and other legislative leaders have set a soft deadline of Wednesday for achieving a budget deal.