Fasano Statement on Consensus Revenues:

January 15, 2016

Democrats’ negligence places Connecticut at risk of financial ruin

HartfordSenate Minority Leader Len Fasano (R-North Haven) released the following statement regarding new consensus revenues released by the state’s Office of Fiscal Analysis and the governor’s Office of Policy & Management.

“Just days ago, the comptroller said we had a surplus. Today, the numbers paint an entirely different picture. We are $26.8 million in the hole yet again for this year. Next year our $355 million deficit has grown to $502.5 million. The state’s out year deficit has also climbed to over $4 billion.

“On the very same day this unsettling reality surfaced, we heard the governor’s transportation panel pitch a plan filled with $42 billion in new regressive taxes, targeting the poor and middle class by increasing bus and rail fares, hiking the gas tax, and further raising the most regressive tax in the state: the sales tax.

“When will Democrat lawmakers wake up? Raising taxes every time revenue drops only further drives people and revenue out of the state. It’s a vicious cycle, and the only way to break it is to change. Connecticut needs long-term structural changes to the way we tax, spend and budget. That’s why Republicans pushed so hard to make these changes during deficit mitigation discussions last year.

“The Democrat majority’s failed fiscal policies need to stop. The people of this state need to raise their voices to the Democrat controlled legislature and demand a fiscal plan this session. We have to demand structural changes and not the typical political rhetoric that has done nothing except guarantee us deficit after deficit. There is no hope in sight until we achieve real structural changes – the changes that Democrats habitually reject and then camouflage their rejection with political hyperboles. Democrat lawmakers’ negligence has placed this state and its constituency at risk of financial ruin.”