Connecticut's largest business organization today said the General Assembly's budget revisions should set the stage for structural reforms to address the state's long-term fiscal issues.

“This special session was a small step in the right direction," said CBIA president and CEO Joe Brennan.

“While there were some modest tax reductions and progress on the spending side, it certainly wasn’t everything the business community was looking for.

“We do wish more was done on the structural reforms that the state really needs so we can deal with the budget deficits coming up next year and years after."

Brennan said that while budget revisions passed without bipartisan support, the involvement of both Republican and Democrat legislative leaders in pre-session discussions was critical.

“We give the Governor credit for making this process bipartisan as it helped move the ball down the field," he said.

Brennan said it was critical that lawmakers focus on structural reforms and keeping state government spending within taxpayer means.

He cited a number of proposals, including delivering essential state services and programs at a lower cost, criminal justice reforms, and aligning state employee compensation and benefits with the private sector.

“We’re still very bullish on Connecticut’s future,” Brennan said. “We just need to make smarter policy choices and what happened yesterday shows that we’re starting to change our approach.

“It’s a challenge and tough choices need to be made, but fiscal stability and predictability are critical to rebuilding the business confidence necessary for investment, economic growth, and job creation.”

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).