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March 4, 2003 CBIA COMMENTS ON GOVERNOR'S BUDGET PROPOSAL HARTFORD, Conn. - Gov. John G. Rowland's proposed budget is tough but realistic given the current economic conditions, the Connecticut Business & Industry Association said today. Rowland announced a two-year $27.66 billion spending plan that, if passed by the legislature, would limit spending, raise some taxes and consolidate or eliminate several state agencies. "While the governor's first-year spending increase of 2.5 percent will be criticized as being too low, it's necessary to limit tax increases that would further damage our already fragile economy," said Kenneth O. Decko, chief executive officer and president of CBIA. "As the budgeting process unfolds, we hope that legislative leaders, both Democrat and Republican, will recognize the difficult state of our economy and work with the governor to craft a plan that will position the state to take full advantage of an economic recovery." CBIA is the state's largest business organization with 10,000 members.
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