Malloy all set with Connecticut budget

HARTFORD, Conn. (AP/WTNH) — Gov. Dannel P. Malloy says if he’s re-elected, he does not plan to seek additional labor concessions from Connecticut state employees.

Malloy said Friday he’s happy with the agreement reached in 2011 with the labor unions, saying “a deal is a deal and we’re going to honor that deal.”

Under the agreement, four years of job protection were provided to bargaining units that approved the wage and benefits changes, which initially amounted to $1.6 billion over the first two years. Malloy said those savings have since grown, calling it “a tremendously valuable deal.”

Also, Friday, Malloy denied Connecticut faces a $1.27 billion deficit in fiscal year 2016, despite projections from the legislature’s Office of Fiscal Analysis.

He said that estimate requires spending to increase 7.7 percent, which he called ridiculous.

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