Governor Dannel Malloy unveiled adjustments and changes this week to the budget he originally proposed in February. The changes are driven primarily by the startling low tax receipts, and the changes would not only eliminate aid to Darien, but put the town in the position where it owes the state money this year.
Income tax receipts in Connecticut have been so far below the projections that it has created an additional $1.5 billion shortfall for the coming biennium, raising the total to about $5 billion. As the situation becomes more dire, the Governor has had to turn to more solutions that will no doubt prove to be very unpopular in the legislature and with the people of the state. The dire fiscal situation led to Connecticut’s bond rating being lowered by Moody’s.