NEW HAVEN, Conn. (WTNH)– Governor Malloy delivered his State of the State address Wednesday afternoon. The message will be big budget cuts need to happen. The governor sat down with News 8 for an exclusive one on one preview
The budget passed last year was supposed to last two years, but the numbers just are not adding up. Governor Malloy says no new taxes, so balancing the budget will mean cutting around half a billion dollars in existing spending.
The Governor has a five point plan for the budget that he will outline in his speech later Wednesday. Number one – the state only spend money it has, not money it hopes to have. Number two – the pensions the state is paying to retired employees are unsustainable and will have to be cut.
Malloy told News 8, “there is a reality that everybody, Democrat, Republican, says they want to eliminate spending but when you get them around the table they have a hard time telling you what they would actually eliminate and I’m saying we can’t spend as much money as they plan and I’m prepared to make those decisions with the managers of the departments to make sure that we protect the services that we value the most.”