OMG!  You mean Connecticut really does face a budget crisis?

Keith Phaneuf’s lead article in yesterday’s CT Mirror reads, “Malloy doesn’t get predicted revenue boost, big deficits remain.”

The news…

“A new analysts’ report Thursday found tax receipts and other revenues still likely to grow as originally anticipated last summer – when major deficits were projected for the next two fiscal years.

That means the governor — who has called those earlier estimates “extremely conservative” – still must close shortfalls topping $1.3 billion next fiscal year and $1.4 billion in 2016-17. Malloy, whose budget plan is due to legislators on Feb. 18, repeatedly has ruled out tax hikes.”

A political campaign dedicated to lying to Connecticut’s voters is in the past, and with the release of the “Consensus Revenue estimates,” Malloy’s Budget Director, Ben Barnes, announced “The revenue estimates for the biennium will be the basis for the Governor’s budget proposal.”

So despite a year of constantly denying the very real looming deficit, the Malloy administration finally admits that the dire “predictions” produced by the Independent Office of Fiscal Analysis are true.

Throughout his re-election campaign, Malloy claimed that not only would tax receipts grow by about seven percent during the next two years, but as the CT Mirror recalls, “Connecticut could expect more, according to the governor. And the revenue from that extra growth would make the deficit relatively easy to manage, provided municipal aid was kept flat and agencies did not receive inflationary spending increases.”

Is the news a surprising development?  Hardly…

Here are just a handful of the budget related posts on Wait, What? over the past year;

10-24-14: Can we have a little honesty about Connecticut’s state budget problems?

No, because – That’s not how it works! That’s not how any of this works!  

Rather than honestly confront the projected $1.4 billion budget deficit in next year’s state budget and the shortfall of more than $4.8 billion over the next three years, the two major party candidates for governor have decided to simply lie their way to Election Day in the hopes that voters will not discover the magnitude of the fiscal problems Connecticut will face over the next few years.

10-1-14: Forgive them, for they know not what they do – Not!

Both Malloy and Foley say that, if elected, they will not raise taxes, not cut vital services not reduce the state workforce and will not need to negotiate contract changes with state employees.

The notion that such campaign promises could be met is not only laughable but it is a sad commentary on how far from the truth Connecticut’s gubernatorial candidates will stray in their ongoing efforts to get elected.

8-13-14: State Deficit?  What State Deficit?”

In a recent interview with the CT Mirror, Governor Dannel “Dan” Malloy said,

“We really don’t have a deficit.”

However, if the truth be told, according to the non-partisan Office of Fiscal Analysis, the State of Connecticut continues to face a monumental fiscal crisis.  In fact, here are the projections from the experts for the fiscal years following this November’s election;

Fiscal Year 2016:  A $1.4 billion Connecticut state budget deficit

Fiscal Year 2017:  A $1.6 billion Connecticut state budget deficit

Fiscal Year 2018:  A $1.8 billion Connecticut state budget deficit

Malloy says the Office of Fiscal Analysis is wrong, although he uses their numbers when he complains that he inherited a $3.7 billion state budget deficit from former Governor Rell.

[…]

Meanwhile, the cornerstone of Malloy’s campaign is his claim that he won’t propose or accept any tax increases during the next four years, he won’t need to renege on his deal with the state employee unions nor will he have to ask for further concessions from state employees and he won’t cut vital services here in Connecticut.

8-5-14 All is well in the Land of Oz

“We really don’t have a deficit…I know that’s hard to believe.” (Dan Malloy)

Malloy tells the CT Mirror;

  • Connecticut doesn’t have a deficit
  • There will be no cuts to key services
  • There is no need to discuss concessions with state employees
  • He will not propose or accept any tax increase during his four years as governor – even to shift the tax burden by making the wealthy pay their fair share so Connecticut can reduce the disproportionate pressure on the middle class.

And how is Malloy going to achieve this incredible feat of having more services, no additional taxes and no deficits? As the CT Mirror explains, 

“The governor said he’s confident that both the nation’s and Connecticut’s economy are on the cusp of a major surge.”

7-14-14:  Connecticut deserves a government that will tell its citizens the truth

As the CT Mirror explains in the series on where the candidates stand of the state budget, Pelto: State budget deficit reveals a broken fiscal system; 

“Former state Rep. Jonathan Pelto doesn’t have any trouble standing out from the rest of the 2014 gubernatorial candidates. For Pelto, a $1.4 billion shortfall – more than four years after the last recession ended – typifies a broken fiscal system that threatens Connecticut’s schools, state workers’ pensions, and middle class families.”

6-6-14:  Look there goes a flying pig!

The truth is that Connecticut is facing a projected state budget deficit of at least $1.3 billion dollars for the fiscal year that begins after this year’s gubernatorial election.

But today Governor Dannel “Dan” Malloy boldly announced… “We don’t face a deficit.”

In a late afternoon CT Newsjunkie story entitled, Malloy Dismisses Deficit Projections, Won’t Ask for More Concessions, the Governor not only explained that the deficit was going to disappear but he took the opportunity to repeat his iron-clad pledge that he will not propose or accept any new taxes in a second term.

As Malloy explained, “There will not be a tax increase.”

And to top things off, Malloy said that he was ruling out asking state workers for more concessions should he be re-elected as Connecticut’s Chief Executive Officer.

While the Governor’s hyperbole is impressive, there is not a state employee, retirees, public school teacher or retired teacher, let alone a public official or taxpayer who believes that Malloy’s portrayal of reality is accurate.

Hearing about Malloy’s remarks, one can’t help but dwell on that classic idiom about pigs flying or the one about Hell freezing over.

5-6-14:  Malloy’s “NO TAX” pledge will send Connecticut into the abyss

As a result of Governor Malloy’s gimmick ridden state budget, the candidate who wins the 2014 gubernatorial election will take office facing a projected state budget deficit of $1.3 billion or more.

By using one-time revenues for on-going expenses, purposefully under-funding various government programs and utilizing a series of budget gimmicks, the new 2014-2015 state budget is just about as irresponsible as they come.

The moment Malloy signs it into law he will be creating a budget deficit for this year and a catastrophe in the budget that will follow.

But as irresponsible as Malloy’s latest budget is, nothing compares to the damage that will come with his recent “NO TAX” pledge should he be elected to a second term.  Malloy sealed his fate when he recently told reporters that he would, “neither seek nor accept any further tax increases” in a second term.

Pandering to phantom voters, Malloy has engaged in a George Bush “read my lips” moment.

By making an “ironclad” NO TAX increase pledge, Malloy joins the Republican candidates in assuring that the people of Connecticut must live with a tax system that crushes the middle class while coddling the rich.

4-30-14:  Post-election state budget deficit projected to be an incredible $1.4 billion

As Wait, What? readers have been reading for months, the Malloy administration has been painting a rosy picture of Connecticut’s state budget situation thanks to the unparalleled use of budget gimmicks and inflated revenue estimates.

Readers have been repeatedly informed that Malloy’s irresponsible approach to budgeting would leave Connecticut with a $1 billion state budget deficit in each of the three years following the November election.

Based on the latest revenue projects, yesterday’s Wait, What? post increased that projected budget deficit to at least $1.2 billion and this afternoon, the Malloy administration, along with the General Assembly’s Office of Fiscal Analysis, announced that the person who is elected to be governor in November will face a budget deficit of close to “$1.4 billion or 7.4 percent of annual operating costs.”

And the list of articles warning about the fiscal realities facing the state goes on and on and on.

Whether you read Keith Phaneuf’s pieces in the CT Mirror or the news analysis and commentary pieces here at Wait, What?, the message has been the same….Governor Malloy and his administration have been lying to the votes of Connecticut.

And now, months after the campaign is over and just weeks before Malloy presents his 2015 state budget proposal, the governor’s budget office finally admits – Connecticut is facing a budget crisis well in excess of $1 billion.

Go Figure…

  • buygoldandprosper

    Dan has a plan for that…unlike the other guy.
    He spent the last four years wishing for the national recovery to drag Connecticut out of the toilet but it didn’t really work out.
    FOUR MORE YEARS to keep wishing,but it won’t work. MAYBE Dan has hopes to be Transportation Secretary, but his skill set is lacking.
    He will let towns raise taxes while he increases “fees” but Danny just
    is not man enough to accept the fact that he makes more mistakes than the other guy.

  • jhs

    Transportation secretary ? As long as as he can issue bonds to fix potholes in the state. It appears our Gvo and legislature has no clue how to budget or even know how bad the budget is which is why Dan continues to borrow. He’d fit in really well in DC.

    • buygoldandprosper

      Potholes are for the other guy…Danny is a BIG PICTURE sort of leader. Like FIRST FIVE…passing out $$ to his pals and
      companies like Back9…five million borrowed dollars for a company full of misogynist’s who can’t make their payroll. Now THAT is an investment! Dan would comment on that situation but he is on vacation. Cathy needs some time off from running GHAC. Those video shoots take a lot out of you!

      • jhs

        Wonder if anyone will ever think that using 40% of the gas taxes for the general fund or using the money for mass transit might not be a great idea. But I think they don’t look for solutions just more taxes such as the tolls. How do we get out from under the thumb of these incompetents.

        • buygoldandprosper

          We just had a chance to make a change but the good voters of Connecticut fell for the same old BS. Now they get to enjoy Dan-with-a-Plan for four more years.

  • G.B. Miller

    You know that the first proposal to help “balance” the budget, will be to coerce the state unions in accepting cut backs, wage freezes, layoffs (both real and paper), etc.

    Except for the managers. They’re part of the protected class

  • buygoldandprosper

    No problem! Kick-the-Can Dan is dusting off the SUGGESTION BOX.