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Proposed GOP Budget Eliminates FY 2019 Deficit, Avoids Spending Spree Pushed by CT Dems

April 23, 2018 By Staff
Proposed GOP Budget Eliminates FY 2019 Deficit, Avoids Spending Spree Pushed by CT Dems

Republican leaders put forward a budget on Friday that they claim is fiscally responsible, while preserving certain programs.

On Friday, Connecticut Republicans in the legislature released a fiscal year (FY) 2019 budget that they claim balances a $321-million deficit and responsibly deals with an expected revenue windfall (rather than spending the windfall as some Democrats propose).

Legislative Republicans’ press release read:

The Republican proposal fully balances the fiscal year 2019 budget and eliminates the projected $321.5 million deficit. It includes policies to address the state’s long term unfunded liabilities and put the state on a path toward stability and predictability. Instead of spending one-time revenue or relying on massive tax increases, it upholds the principles of the volatility cap agreed to in the bipartisan budget to stop the practice of relying on unpredictable revenue and making promises the state cannot afford. It fully funds the Special Transportation Fund, restores funding for the Medicare Savings Program, and eliminates many of the governor’s proposals to increase taxes and drastically reduce education funding and municipal aid.

Unlike proposals from Gov. Dan Malloy (D-Conn.) and legislative Democrats, the Republican plan does not support tolls. It also cuts expected revenue for the state by $27.3 million – a $309 million difference from Malloy’s plan, which raises revenue by $280 million.

The budget commits to “Across the Board Reductions” of five to seven percent in state government, rejecting the Democratic desire to spend a temporary revenue windfall on permanent programs.

The plan will have trouble getting through a Democrat-controlled House. But the Republicans’ budget at the very least presents a vision for how things could be, if Republicans retake control of the legislature and/or governorship in 2019.