What Happened to ‘Shared Sacrifice’?
In 2010 Gov. Malloy called for shared sacrifice during a horrendous fiscal crisis. He negotiated state employee concessions to balance what were major tax increases.The lion’s share of the tax increases clobbered small business S corps, LLCs, and LLPs and directly contributed to fewer small business jobs being created in the nascent recovery.
All those taxes hit.
But not all of the $1.6 billion in state employee concessions occurred. In fact, only about half of those took hold.
Now we see in the next biennium many state employee union units are negotiating new contracts and asking for pay raises.
Before this happens, taxpayers need to demand that, first, the unrecognized $800 million from the unions be conceded to help eliminate the fiscal deficits, and second, NO raises be given until the deficit is closed with cuts, reallocations, and new processes to reduce spending.
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