HEAT ALERT

Pop-up storms expected through early Monday in CT. Some storms could be strong or severe

Gov. Malloy proposes new state budget

Gov. Dannel Malloy is backing away from the recently passed state budget after a week of criticism from some of the state's largest employers. He unveiled a new budget proposal which would scale back

News 12 Staff

Jun 13, 2015, 6:30 AM

Updated 3,296 days ago

Share:

Gov. Dannel Malloy is backing away from the recently passed state budget after a week of criticism from some of the state's largest employers.
He unveiled a new budget proposal which would scale back taxes on businesses and reduce spending. These changes come after some of the state's largest companies said they may leave Connecticut.
Fairfield-based General Electric, along with Aetna and Travelers, have been vocal in their criticism of the budget. Other states have publicly courted the companies to relocate.
One week after a new two-year budget barely passed the state legislature, Gov. Malloy proposed eliminating business tax hikes totaling more than $220 million.
"I took the time to hear from the business community and others, and I'm putting forward what I think is a proposal that goes a long way in addressing many of the challenges," he says.
To counter that lost revenue from taxes, he wants to cut spending across the board.
Christopher Bruhl, CEO of the Fairfield County Business Council, says that it is common culture in other states for individual businesses to criticize the government.
"It's the power of the brand. These are highly respected companies with deep roots in the state who have enormous value to the state as employers, so their expression of concern needs to be listened to," he says.
Lawmakers will have to approve the changes. They will go back for a special session later this month.


More from News 12
2:16
Dangerous heat lingers through Friday; tracking weekend thunderstorms

Dangerous heat lingers through Friday; tracking weekend thunderstorms

2:39
 DOT reaffirms commitment to keep roads safe following fallen tree incident on Route 15 that injured 2 in Orange

DOT reaffirms commitment to keep roads safe following fallen tree incident on Route 15 that injured 2 in Orange

2:20
Bridgeport woman rushes to aid of shooting victim; realizes it was her friend

Bridgeport woman rushes to aid of shooting victim; realizes it was her friend

1:59
Local car dealerships deal with impacts of massive cyberattack

Local car dealerships deal with impacts of massive cyberattack

0:53
Stew Leonard's in Norwalk unveils statue of founder

Stew Leonard's in Norwalk unveils statue of founder

1:43
Sen. Blumenthal pushes HEAT Act to prevent hot weather deaths

Sen. Blumenthal pushes HEAT Act to prevent hot weather deaths

1:04
DOT finalizes plans for Fairfield Ave. bridge replacement

DOT finalizes plans for Fairfield Ave. bridge replacement

0:23
Officials: Connecticut prison guard facing assault charges after allegedly hitting inmate

Officials: Connecticut prison guard facing assault charges after allegedly hitting inmate

2:32
Doctor: Critical shortage of primary care physicians in CT is a ‘public health emergency'

Doctor: Critical shortage of primary care physicians in CT is a ‘public health emergency'

0:42
Sen. Blumenthal urges Congress to pass HEAT Act

Sen. Blumenthal urges Congress to pass HEAT Act

0:38
The Supreme Court upholds a gun control law intended to protect domestic violence victims

The Supreme Court upholds a gun control law intended to protect domestic violence victims

0:58
Bridgeport Pride Center celebrates grand opening

Bridgeport Pride Center celebrates grand opening

1:46
Fairfield celebrates International Make Music Day

Fairfield celebrates International Make Music Day

0:57
The Real Deal: Spending on gambling in Connecticut

The Real Deal: Spending on gambling in Connecticut

2:20
Bridgeport man says his AC was stolen from his window

Bridgeport man says his AC was stolen from his window

2:00
'You sweat just standing still.' Fans battle hot temps during 1st round of PGA Tour Travelers Championship in Cromwell

'You sweat just standing still.' Fans battle hot temps during 1st round of PGA Tour Travelers Championship in Cromwell

0:24
Stratford police mourn loss of officer Ken Kubel

Stratford police mourn loss of officer Ken Kubel

0:49
'The heat plays a really big part in what we do.'  Bridgeport FD conducts live burn training

'The heat plays a really big part in what we do.' Bridgeport FD conducts live burn training

2:03
‘Incredibly frustrating.’ New law will dramatically speed up wheelchair repairs

‘Incredibly frustrating.’ New law will dramatically speed up wheelchair repairs

0:51
Alzheimer's Association encourages people to come up with creative ways to fundraise for research efforts

Alzheimer's Association encourages people to come up with creative ways to fundraise for research efforts