Gov. Dannel Malloy proposed definitions earlier this year to finally implement the 25-year-old constitutional spending cap. His budget chief admitted Monday that, unless lawmakers pass the administrations' proposed definitions, his proposed budget will exceed the existing cap by $153 million.
Rep. Melissa Ziobron
A public hearing before the powerful state appropriations committee on Friday became a referendum on state employee pension benefits and the collective bargaining process that ran almost ten hours. Several speakers warned that changes to Connecticut’s collective bargaining practices and retirement benefits would cause the state to become a southern backwater.
Gov. Dannel Malloy's budget chief told the appropriations committee Tuesday that, despite a pension agreement between the governor’s office and a group of state employee unions, Connecticut will face “a relatively brutal” increase in pension costs equal to 10 percent of the budget by 2023. The pension deal would essentially refinance the existing pension payments by extending them through 2046 to make up for a $16.5 billion funding shortfall.