A First Glimpse at Malloy’s Budget

Posted on January 25, 2011. Filed under: Uncategorized |

Updated Jan. 26: Here’s a more in-depth article covering Malloy’s framework and comments.

A few more items of note in Malloy’s plan:

  • Malloy said “the state will fund its pension obligations in full on an annual basis — something not done in the past two years.”
  • Malloy will propose consolidating “various” state agencies.

 

Jan. 25: Governor Malloy issued the first real look into his budget today!

Here’s what we’ve got so far, as far as the framework goes:

  • There will be no spending increase over the current $19 billion state budget.
  • There will be no borrowing to cover operating expenses.
  • There will be no early retirement plans.

That’s all we’ve seen from Malloy so far, regarding the budget he’ll be unveiling in February.

What do you think?

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