Revised State Budget Subject of Committee Hearings

The legislature’s Appropriations Committee is in the midst of a series of  public hearings on Governor Malloy’s proposed state budget adjustments (HB 5014) for the second year of the biennium.

State agencies are making their presentations to the committee during the day, with  the public hearing portion following in late afternoon or early evening. The committee’s website has the full  schedule. 

On the schedule for today, Feb. 17, are the budget’s implications for the Department of Social Services and Department of Children and Families.

Next Tuesday, the committee will focus on education, and on Wednesday, the spotlight will be on state healthcare, judicial and corrections programs.

The governor’s proposal budget reflects his aims to reform public education, address the state’s long-term obligations for public-sector employees, and continue the business incentives adopted in the October 2011 special session on jobs. 

The budget increases spending by $329 million and depends on an OPM-projected $438.5 million state surplus , or 1.6%, over levels approved by lawmakers last year, which is 3.2% over the current year’s estimated spending. (Because of declining state tax projections, Governor Malloy early this year exercised his executive authority to trim the current state budget by $79 million.)

A list of all of the Governor's budget bills can be found here.

For more information, contact CBIA’s Pete Gioia at 860.244.1945 or pete.gioia@cbia.com.