Category: Money & Financial

Following calls by hospitals, advocates for the disabled, and many others for legislative action to address Governor Malloy’s recent devastating budget cuts, Senate and House Republican legislators have all signed a petition seeking a special session of the General Assembly to rebuild the state budget and formally requested Democrat legislators do the same.

On September 18, Governor Malloy single-handedly passed $103 million in new budget cuts, including $63.4 million in reduced Medicaid payments to hospitals. The result of these cuts would increase hospitals’ tax liability to the state by over $267 million between fiscal year 2015 and fiscal year 2016, raising the state tax burden for hospitals to almost $500 million annually.

Senator Len Fasano, Representative Dave Yaccarino and First Selectman Michael Freda today applauded a $700,000 grant from the Federal Transit Administration awarded to the State of Connecticut to conduct a study of transit-oriented development (TOD) opportunities in the New Haven-Hartford-Springfield rail corridor, also known as the Hartford Line.

Senate Minority Leader Len Fasano (R-North Haven) wrote yesterday to Governor Dannel P. Malloy and Majority Legislative Leaders again requesting a special legislative session to make changes to the state budget and lighten burdens on Connecticut businesses.

A controversial proposal was debated that shed light on Connecticut’s strange and one-sided relationship with our state’s job creators and hard-working middle class.

Senator Len Fasano (R-North Haven), Senate Minority Leader, voted against the state budget for fiscal years 2016-2017 negotiated by Governor Dannel P. Malloy and legislative Democrats behind closed doors. The budget, which passed the Senate late last night and now heads to the governor’s desk, includes a $2 billion tax increase, the second largest tax increase in state history.

State Rep. Dave Yaccarino (R- North Haven) voted early Wednesday morning in strong opposition to Democrat-negotiated tax hikes. The proposed budget, which passed the House without a single Republican vote, and 11 Democrat votes, increases spending $784.5 million in the next year and increases taxes $1.5 billion in the biennium.

State Representative Dave Yaccarino (R-87) today cast his vote against a massive tax increase package offered by majority Democrats on the Finance, Revenue and Bonding Committee which would include a $40.6 billion plan that increases taxes an incredible $1.131 billion in FY 16 and $709.3 million in FY 17.

Scrapping Gov. Malloy’s budget proposal, House and Senate Republicans today offered their plan, a Blueprint for Prosperity, which accomplishes what the governor could not: it is balanced, under the spending cap, restores vital social service programs for the neediest and reforms taxes, while instituting government reforms to save hundreds of millions in the coming two years.