Tough, Necessary Changes in Governor’s Budget Proposal

Governor Malloy’s budget proposals outline the tough, necessary changes Connecticut needs to resolve its fiscal issues and build a strong, competitive economy, the state’s largest business organization said today.
“We no longer have a choice,” said CBIA president and CEO Joe Brennan. “This is what the state’s fiscal condition demands.
“The Governor’s responding to what he’s hearing from residents and large and small businesses, that government must change the way it operates if Connecticut’s going to see strong, vibrant economic growth.
“And the uncertainty created by the state’s short and long-term fiscal problems is what threatens that growth. Reforming the budget process will drive business confidence, investment, and job creation.”
Brennan said the Governor’s five budget principles “reflect the sentiment we are hearing from our member companies.”
“This is a critical turning point for Connecticut,” he said.
“While we have made progress creating jobs and attracting businesses, that growth is not strong enough to sustain and support state programs and services and keep jobs and families in Connecticut.
“Lawmakers must come together and support real, long-term reforms so Connecticut can meet the competitive demands of a 21^st century economy.”

CBIA is Connecticut’s largest business organization, with thousands of member companies, small and large, representing a diverse range of industries from every part of the state. For more information, please email or call Meaghan MacDonald (860.244.1957).