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Pension Debt

Politics
CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams
CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams As promised by Gov. Ned Lamont, Connecticut's $43 billion budget is on time and balanced.  That wasn't enough good news for 14 Senate Republicans and two Democrats who voted against it on Tuesday night, June 4. By a 20-16 vote, the Senate passed a two-year budget that Republicans complained is full of new taxes and shifts billions of dollars in pension debt onto the next generation of taxpayers. The budget erases a $3 billion deficit that Lamont inherited when he became governor in January. Lamont got the support of legislators in making new investments in health care and boostin…

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by Jon Craig