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ADVOCACY ALERT: MetroHartford Alliance Statement on the Connecticut State Budget

We recognize the challenge that Governor Malloy and the Legislature faced this session in crafting a balanced budget that supports job retention and expansion as well personal income growth. Unfortunately, the budget adopted yesterday contains more tax increases and increased spending, both of which serve to undermine the confidence of the private sector to expand employment and to invest capital in Connecticut. As importantly, the budget fails to adopt any structural reforms that the Alliance and others have advocated as necessary to sustain a dynamic economy. We will review these issues and our continuing efforts to strengthen Connecticut as an aggressive and successful competitor for jobs, capital and talent at our next Public Policy Forum scheduled for June 17. Event details will be announced soon.