If you think that discrepancy is suspicious, you’re not alone. And consider this: Democrats, who hold the majority in both houses of the state legislature, voted to postpone the release of the fall consensus revenue forecasts, which revealed Connecticut’s rather ugly fiscal picture, until after November 6. Democrats say the delay was in order to give a more complete financial picture; Republicans say it was a political ploy. Come Election Day, Republicans failed to gain additional seats in either chamber of the legislature.
Roy Occhiogrosso, senior advisor to Gov. Malloy, responds:
This is like asking for a comment on one of Bill O\’Reilly’s rants. For reasons I’m unclear on I actually spent 10 minutes on the phone with this “reporter,” giving her all the facts – none of which made their way into this piece. It’s 10 minutes of my life I’ll wish I had back when it comes time for me to meet my maker. The specific allegations she makes in this piece aren’t worth responding to because they are essentially Republican talking points
Any objective, fact-based, analytic comparison of Connecticut’s finances on the day Gov. Malloy took office v. today would find that the state is better off today than it was then. The current year shortfall is 1/10 of what it was then, the conversion to GAAP is finally underway, the state’s pension fund and other long-term liabilities are finally being dealt with in a fiscally sound fashion, and the private sector is finally growing jobs. That same analysis would also suggest Connecticut has a long way to go before it gets to where it needs to be – financially and economically – and that we face significant challenges.