Gov. Dannel P. Malloy used his line-item veto to reject a new taxing arrangement on hospitals, but signed into law the bulk of a new, two-year state budget negotiated without direct input from his administration.
The governor signed a $41.3 billion, biennial plan that closes major projected deficits while boosting taxes close to $500 million per year, cutting municipal aid, higher education and social services, and sweeping tens of millions of dollars annually from energy conservation programs.
It also would provide emergency assistance to keep Hartford out of bankruptcy, implement a stringent spending cap, and enact a new statutory limit on borrowing.
“After 123 days without a budget, it is time to sign this bipartisan bill into law and continue the steady and significant progress our state has made over the past several years,” Malloy said. “Connecticut’s families and businesses deserve to… TO READ MORE CLICK HERE