Connecticut’s state budget is in dire straits. As we negotiate a two-year spending plan an overwhelming $5 billion deficit is threatening all state services. Unfortunately, this fiscal environment was predicted by me and my fellow Republican legislators over the past six years.
Governor Malloy’s budget proposal includes $1.567 billion in anticipated savings from negotiations with state employee unions. Twelve collective bargaining agreements are under negotiations now with the Governor. These new contracts will have long-term impacts on Connecticut taxpayers long after Governor Malloy leaves office in January 2019.
Given the bad news delivered by our state tax collector that the Top 100 taxpayers’ income dropped a whopping 45% last year, Governor Malloy should be seeking even greater savings from state employee union negotiations. Calculating the increased budget deficit projected since the Governor released his budget proposal requires an additional $664 million in labor savings.
Governor Malloy should be seeking $2.231 billion in labor savings during his twelve labor contracts negotiations. Connecticut taxpayers will vote with their feet if these negotiations fall short.