Pathway to Sustainability: Creating a Fiscal Future

Below is an op-ed from the Greenwich Delegation on the GOP budget proposal.

This week we joined our Republican colleagues in both the House and Senate to unveil our alternative budget proposal entitled “Pathway to Sustainability.”

The current fiscal year ends June 30, and you might recall that in late March the legislature approved a plan to ensure the state wouldn’t finish the year with a $220 million deficit. It was the second “deficit mitigation” plan applied to the budget, which also saw Gov. Malloy make his own cuts to the extent allowable by state law.

However, even after two deficit mitigation plans that covered $570 million, we are still facing a $256 million deficit.

Further, the fiscal year that begins July 1 is projected to be $960 million in deficit. The legislature’s Appropriations Committee approved a plan to reduce some of that deficit by cutting education money the state provides to local school districts. Gov. Malloy then proposed deeper cuts. We’re opposed to those plans—we can’t shift the state’s problems to students and local taxpayers. We’ve advocated for structural budget changes to break this perpetual fiscal crisis.

Legislative Democrats also unveiled their budget proposal this week—relying heavily on one time revenue surges and unrealistic savings expectations.

The plan we are offering is a plan to balance next fiscal year’s budget, but to also issue a fiscal framework to break us out of this deficit cycle. A plan that includes long term structural changes and predictability so that five years from now we can be back in the black once again. The results of the past eight years are clear: one-time fixes and “hopeful” revenue projections have not worked. It is time for a new path, a course that will put Connecticut once again on the map as a destination and not a place to escape from.

To read the full plan, visit fiveyearbudget.com.

Rep. Livvy Floren, Rep. Mike Bocchino, Rep. Fred Camillo

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