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Gov. Malloy Signs Executive Order to Continue Funding State Government While Budget Talks Continue
Governor Dannel P. Malloy announced that due to legislative inaction on a budget to take effect at the start of the fiscal year on July 1, he has signed an executive order to ensure the continued, efficient operation of state government until a new, two-year state budget has been signed into law.
Gov. Malloy’s Prepared Remarks from Today’s News Conference Regarding the State Budget
Governor Dannel P. Malloy delivered the following prepared remarks during a news conference this afternoon at the State Capitol regarding the state budget:
State Budget Update: House, Senate Democrats unable to agree on provisional budget
Connecticut’s prospects of enacting a state budget — even a provisional one — before the new fiscal year begins July 1 appeared to slip away late Monday night as House and Senate Democrats were unable to agree on a path forward.
State Budget Update: Malloy proposes $300M in new revenue to mitigate cuts during CT budget gridlock
Gov. Dannel P. Malloy asked legislators to consider nearly $320 million in revenue increases to mitigate the massive cuts he would be forced to impose if Connecticut enters the new fiscal year Saturday without a budget. But even if those steps are taken, Malloy outlined deep cuts to municipal aid, social services, hospitals, and public colleges and universities that would occur if he had to run the upcoming fiscal year by executive order.
State Budget Update: OPM Releases Revisions to Resouce Allocation Plan - FY 2018 for Consideration by General Assembly
Hartford Business Journal: Malloy proposes $300M in new revenue to mitigate cuts during CT budget gridlock
Gov. Dannel P. Malloy asked legislators to consider nearly $320 million in revenue increases to mitigate the massive cuts he would be forced to impose if Connecticut enters the new fiscal year Saturday without a budget.
CT News Junkie: State Will Use Rainy Day Fund To Close $107.2M Budget Hole
The state is expected to end the 2017 fiscal year with a $107.2 million shortfall, according a monthly budget report from Office of Policy and Management Secretary Ben Barnes.
Office of Policy and Management Releases Monthly Budget Report for June
The Office of Policy and Management is projecting a $107.2 million operating shortfall, an improvement of $215.5 million from its May 20th forecast. This change is due to $93.3 million in revenue transfers authorized by Public Act 17-51, the deficit mitigation bill, $54.3 million in other revenue improvement, and $67.9 million in reduced expenditures.
Amid a Tumultuous Legislative Season, Several Victories for Connecticut CPAs
This legislative session was a success for accountants. Our advocacy efforts successfully addressed several proposed bills of importance to the profession. Government Relations Consultant Craig Leroy is our “boots on the ground” each day at the Capitol, carefully tracking proposed bills and alerting us when issues arise that may affect the accounting profession. When a proposal requires our attention, Bonnie immediately heads to Hartford to begin discussions with key legislators...
Results of CTCPA Advocacy Efforts for the 2017 Session
Several times during the legislative session we asked you to contact your legislators and tell them how proposed bills would affect your profession, your company, or your clients. Below are details about the status of each of the bills and proposals we addressed this session:

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