The Connecticut Hospital Association is pushing back against Governor Dannel Malloy’s proposal to end local property tax exemptions for hospitals. The proposal is contained in the governor’s two-year state budget plan that was presented to lawmakers earlier this month.
Connecticut Governor Dannel Malloy presented a two-year $40.6 billion budget proposal to lawmakers at the state Capitol in Hartford on Wednesday. The plan calls for $1.5 billion in state employee givebacks and shifts about $400 million in teacher pension costs to cities and towns. It also includes about $200 million in new taxes.
Connecticut officials are now projecting that the state will end this fiscal year with a $23 million surplus, as stated in a letter sent by Governor Dannel Malloy’s budget director to the state comptroller on Friday.
Some state lawmakers are rejecting Governor Cuomo’s budget proposal to extend a tax on millionaires. The spending plan was outlined to some lawmakers at a lunch at the governor’s mansion, but won’t be available to the public until later Tuesday.