Post by Logan on Apr 16, 2016 6:49:32 GMT -6
Malloy releases plan to cut $922M budget deficit with deep cuts to education, town aid
HARTFORD >> Democratic Gov. Dannel P. Malloy would close a $922 million budget deficit with deep cuts to education, a sweep of an account created by the legislature to provide property tax relief, and an increase in health insurance contributions for non-union legislative and judicial branch employees.
The governor’s second budget assumes the state will collect most of the $12 million in revenues the Department of Revenue Services mistakenly credited to 120,000 taxpayers to close the approximately $933 million budget deficit.
The revised budget also assumes a reduction of 2,500 positions, a majority of which will be done through layoffs. No dollar amount has been attached to the reduction in the workforce, according to Malloy administration budget director Ben Barnes.
Malloy’s revised budget cuts the funding for kindergarten through twelfth grade education by about $44 million and sweeps $101.4 million from the Municipal Revenue Sharing Account created last year by the General Assembly to offer property tax relief to municipalities.
Read more: www.nhregister.com/government-and-politics/20160412/malloy-releases-plan-to-cut-922m-budget-deficit-with-deeps-cuts-to-education-town-aid?source=most_viewed
HARTFORD >> Democratic Gov. Dannel P. Malloy would close a $922 million budget deficit with deep cuts to education, a sweep of an account created by the legislature to provide property tax relief, and an increase in health insurance contributions for non-union legislative and judicial branch employees.
The governor’s second budget assumes the state will collect most of the $12 million in revenues the Department of Revenue Services mistakenly credited to 120,000 taxpayers to close the approximately $933 million budget deficit.
The revised budget also assumes a reduction of 2,500 positions, a majority of which will be done through layoffs. No dollar amount has been attached to the reduction in the workforce, according to Malloy administration budget director Ben Barnes.
Malloy’s revised budget cuts the funding for kindergarten through twelfth grade education by about $44 million and sweeps $101.4 million from the Municipal Revenue Sharing Account created last year by the General Assembly to offer property tax relief to municipalities.
Read more: www.nhregister.com/government-and-politics/20160412/malloy-releases-plan-to-cut-922m-budget-deficit-with-deeps-cuts-to-education-town-aid?source=most_viewed