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Malloy’s Budget Targets Hospitals

February 8, 2017 By Staff
Malloy’s Budget Targets Hospitals

Malloy's budget proposal hopes to tackle a $1.7 billion dollar budget deficit with a mix of tax "adjustments,"

While Gov. Dan Malloy (D-Conn.) may have failed to mention the word “deficit” in his budget proposal, make no mistake: Connecticut is standing on a fiscal cliff, with huge budget challenges.

Malloy’s budget proposal hopes to tackle a $1.7 billion dollar budget deficit with a mix of tax “adjustments,” cuts to state services, and by moving traditional state budget responsibilities to towns and cities. As reported in the Hartford Courant:

Malloy is seeking $700 million in labor savings and would allow cities and towns to tax hospital properties for the first time in order to help close a $1.7 billion deficit while also helping cities facing fiscal troubles.

Now, hospitals will be one of the latest targets to generate more revenue. Malloy’s budget proposal would allow communities to levy property taxes on hospitals, as reported by CT Mirror:

His proposal also would enable communities to levy property taxes on hospitals while bolstering state payments to those facilities as part of a plan to leverage more federal aid.

It’s clear that Connecticut’s taxpayers are facing higher taxes in 2017 that may put a burden on their communities.