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Malloy Dodges Questions About Surplus Spending, Re-Election

by Christine Stuart | Jan 23, 2014 6:43pm
(5) Comments | Commenting has expired
Posted to: Election 2014, State Budget, Taxes

Christine Stuart photo

Gov. Dannel P. Malloy

Gov. Dannel P. Malloy tried his best to dance around questions Thursday about whether he would look to use the nearly $1 billion in excess revenues the state is expected to realize at the end of the year on some type of tax relief.

“Look, I’ll be talking to you in the coming days,” Malloy said. “We’ve been working hard on these numbers.”

Malloy is expected to unveil his budget adjustments on Feb. 5, the first day of the legislative session.

He said he waited to make his decisions about the state’s finances until after the Jan. 15 consensus revenue estimates, which projected revenues would increase nearly $500 million over the next three years.

“I’m in the process of making those hard and fast decisions and we’re going to speak to the people of Connecticut, not through party affiliation, but directly. Me to them about where I want to take the state in the coming years,” Malloy said. “I told them where I wanted to take the state three years ago. Where Nancy and I want to lead. We’ve gotten to that point and I’m certainly going to communicate directly with the people of the state of Connecticut about where we go from here.”

Pushed about where he would offer tax relief with the additional revenue, Malloy countered, “Why don’t you ask me whether I’m going to run for governor again?

“These kinds of questions are going to be repeated until I actually answer them,” Malloy said.

He said he felt obligated to wait to formulate his proposal until after Jan. 15 of where the state is going with respect to revenues.

“My hunch is you’ll know everything by Feb. 5,” Malloy said.

Earlier in the day Thursday, Republican lawmakers proposed using about $247 million for tax relief to businesses and individuals who purchase clothing, footwear, and over-the-counter medications.

Malloy didn’t comment directly on the Republican proposals.

“I take great pride in being a governor who inherited a state with a $3.6 billion deficit. We did some extraordinary things to turn that around,” he told reporters Thursday.

“In three short years we’re projecting a very large surplus — having also paid off 60 percent of the borrowings prior administrations engaged in not to make the kinds of cuts I need to make, and having reduced the total obligations to the state of Connecticut by $11.6 billion — I’m glad to have a discussion about where we go from here because I know how far we’ve come.”

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(5) Comments

posted by: jim black | January 24, 2014  8:09am

Why don’t you just answer the question Malloy? Instead of campaigning on the taxpayer dime. You know your in trouble, get it over with.

posted by: Chien DeBerger | January 24, 2014  3:26pm

I am sure that Malloy’s 1 Billion dollar surplus is no where the same as Wisconsin’s 900+ million dollar surplus which governor Walker wishes to refund back to the people who own it, the taxpayers. We would do well to use Wisconsin’s model.

posted by: SocialButterfly | January 24, 2014  4:13pm

Gov. Walker deserves reelection for a job well done.  Gov. Malloy should step down and give our ailing state a break. His formula for the good of Connecticut has been a disaster. We need a fresh start—with “new faces” to solve our many fiscal miscues.

posted by: NoNonsense2014 | January 24, 2014  4:30pm

Malloy’s decision on running for re-election is a need-to-basis, and apparently we don’t need to know yet. So why doesn’t everybody just stop playing the game and don’t ask him anymore. As for the surplus… much as I would like some tax relief, I think it’s better to (1) adequately fund the “Rainy Day” fund and (2) pay down debt & interest for all the bonding the State has been doing. That will go further to giving us relief over the long term.

posted by: art vandelay | January 25, 2014  5:48am

art vandelay

@StanMuzyk,
It’s impossible to get “new faces” in Hartford.  The major Democratic power brokers(Don Williams, Martin Looney, Andrea Stillman, Beth Bye, Andrew Flieshman), and others all run unopposed.  If a powerful committee chairmanship needs to be filled an extreme left wing union sympathizer is selected.  As an example Beth Bye was chosen to replace Toni Harp on the Appropriations Committee. She’s a left wing extremist.  Joan Hartley a fiscal conservative Democrat would have been a much better choice.  Until this cycle is broken, it’s business as usual in Hartford, Republican Governor or not.