Despite an improving economy, Connecticut could be facing budget deficits of more than $1 billion over the next three years.
Gov. Dannel Malloy’s budget office and the General Assembly’s non-partisan Office of Fiscal Analysis told lawmakers this on Friday.
“Employment is increasing, our income is rising, retail sales are growing, and the economy is on the rebound,” Karen Buffkin, of the governor’s budget office, explained to members of the Appropriations Committee.
A government watchdog group in Connecticut says nearly $17 million was spent by outside groups on the state’s tight gubernatorial race.
Common Cause Connecticut has determined that $16.75 million was spent on the race for governor.
“We don’t have all the details about that yet. But it will be important to look at how it is that they were trying to influence our elections,” said the executive director of the group, Cherie Quickmire. Much of the money came from out-of-state entities, she said.
Republican candidate for governor Tom Foley stands with his wife Leslie at the podium during an election night party in Old Greenwich, Conn., early Wednesday, Nov. 5, 2014. With votes still to be tallied in a close race, Foley said he more than likely lost to incumbent Democratic Gov. Dannel Malloy in the general election, but would not concede the race until all the votes were counted. At far left is Foley's wife Leslie.
Republican gubernatorial candidate Tom Foley, who did not formally concede a very close election to Democratic incumbent Dannel Malloy on Tuesday night, issued the following email to supporters Wednesday afternoon, conceding the race.
"Thank you for your support with my campaign for governor. We came very close. Our appeal for change in Connecticut – pro-growth policies including lower taxes, more responsible spending, and more support for job creators – was endorsed by more than 48% of Connecticut voters. Governor Malloy won this election with fewer votes than we won in 2010.
Incumbent Democratic Gov. Dannel P. Malloy, raises his arms over his head with Lt. Gov. Nancy Wyman, left, and his wife Cathy Malloy, right, after speaking to supporters at his party's rally, Wednesday, Nov. 5, 2014, in Hartford, Conn.
In Connecticut, Democratic Governor Dannel Malloy declared victory early Wednesday morning in his tough re-election fight. His Republican opponent, Tom Foley, acknowledged he had "probably" lost their grueling rematch but wasn't ready to officially concede.
Joined by his family, Malloy took the stage at a banquet hall in Hartford soon after midnight. He gave a victory speech to the roomful of supporters that was not quite a victory speech.
A Quinnipiac University Poll released on Monday shows Connecticut Governor Dannel Malloy leading his Republican challenger Tom Foley 47 to 44. That’s within the margin of error of plus or minus three percentage points. This is similar to where the polls were on election eve four years ago in the first match up between Malloy and Foley.
Malloy won that race by 6,404 votes after a recount in Bridgeport. Just like four years ago, President Obama stumped for Malloy in Bridgeport two days before the election, highlighting the importance of getting out the urban vote for the Democrat.