It’s almost here…

Posted on April 27, 2011. Filed under: Uncategorized |

While the tax portion of the budget has been a bit of a moving target, we’ve had a fairly clear view of the big picture for several months now. Some brackets have shifted, some tax incentives have been reinstituted but decreased, some proposed taxes have been dropped.

The spending side, however, has been one big closed-door mystery! We’ve had a final destination – $1 billion in savings/concessions in each of the next two years – but no road map to get us there.

On Friday, May 6, though, the door opens a crack, according to the Hartford Courant.

That day marks eight weeks until the fiscal year. Union contracts require eight weeks’ notice for senior employees before they can be laid off.

If there are pink slips circulated at that point in time, I’m guessing we’ll hear about it. And then, it’s only a matter of time until we have a full view of Gov. Malloy’s budget proposal. The tax side will not increase any more, Malloy has reiterated numerous times, but the spending cuts still have plenty of room to move to reach the final destination: a budget.

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