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Connecticut governor vetoes budget as spending cuts loom
Source: Reuters
#BUSINESS NEWS SEPTEMBER 28, 2017 / 2:32 PM / UPDATED 5 HOURS AGO
Connecticut governor vetoes budget as spending cuts loom
Hilary Russ
3 MIN READ
NEW YORK (Reuters) - Connecticut Governor Dannel Malloy on Thursday vetoed the $40.7 billion biennial budget passed by lawmakers earlier this month, saying the bill would undermine the state’s fiscal stability, education system and economic development.
Malloy, a second-term Democrat who is not running for reelection, had said he would not approve the Republican-supported budget.
Without a budget, which is now nearly three months overdue, the state could implement severe cuts on Oct. 1 under an emergency spending plan put in place by Malloy.
Republican lawmakers, who do not control the legislature but won support for their budget from a handful of Democrats, have said they may try to override the governor’s veto, which was expected.
-snip-
Connecticut governor vetoes budget as spending cuts loom
Hilary Russ
3 MIN READ
NEW YORK (Reuters) - Connecticut Governor Dannel Malloy on Thursday vetoed the $40.7 billion biennial budget passed by lawmakers earlier this month, saying the bill would undermine the state’s fiscal stability, education system and economic development.
Malloy, a second-term Democrat who is not running for reelection, had said he would not approve the Republican-supported budget.
Without a budget, which is now nearly three months overdue, the state could implement severe cuts on Oct. 1 under an emergency spending plan put in place by Malloy.
Republican lawmakers, who do not control the legislature but won support for their budget from a handful of Democrats, have said they may try to override the governor’s veto, which was expected.
-snip-
Read more: http://www.reuters.com/article/us-connecticut-budget/connecticut-governor-vetoes-budget-as-spending-cuts-loom-idUSKCN1C32S2
