Saturday, June 13, 2026
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Members
  • Sign in
Westfair Communications
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Doctors of Distinction
        • 2026 40 Under Forty
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Doctors of Distinction
        • 2026 40 Under Forty
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
Westfair Communications
No Result
View All Result
Home Fairfield

‘Are there sacrifices to be made?’

Alexander Soule by Alexander Soule
December 26, 2012
1
Share on LinkedInShare on FacebookShare on Twitter

When former governor and Republican Lowell P. Weicker Jr. whacked Connecticut with its first-ever state income tax after winning the 1990 election, two years later the state could hold a referendum on the new tax via the 1992 Connecticut General Assembly campaigns.

The verdict on election day? No change in the state Senate ”“ and one extra seat for Republicans in the Connecticut House of Representatives.

As Connecticut General Assembly members stand for reelection in 2012, history provides a little guidance for how Connecticut voters might react to the bitter medicine administered by Gov. Dannel P. Malloy ”“ state taxes increasing by a reported $1.8 billion, softened slightly by targeted tax breaks on low-income earners through a new earned-income tax credit, and for some businesses via a range of tax incentive programs.

Voters largely knew what they were getting by electing Malloy over Republican Tom Foley two years ago, with Malloy never refuting Foley”™s statements that he would raise taxes, if often expressing distaste at the thought of hiking them.

With one season of the new tax regime under their belt, voters get their first crack at issuing their own verdict on Malloy”™s plan to balance Connecticut”™s budget and enact his priorities for the state, through the Connecticut General Assembly races to be decided Nov. 6.

“When I became governor I was handed a ”¦ budget that had a $3.6 billion deficit ”“ structural deficit ”“ representing 17 percent of total revenue,” Malloy said, speaking in mid-October in East Hartford. “It was too big to cut our way out and too big to tax our way out. We simply had to do a little bit of both and we had to change our relationship with our state employees. We”™ve been successful on all of those fronts.

“It”™s painful,” he added. “If you are paying a little extra money out of your pockets, I understand. But there was no way that Connecticut could downsize itself by 17 percent of total expenditures at a time that the trajectory for social services ”¦ was driving out expenses substantially higher.”

If history is any judge, it might be business as usual in Hartford next January. The best analogy for next month”™s election could be the campaign of 1992, with Connecticut General Assembly members running in the wake of Weicker”™s new income tax ”“ with Weicker himself campaigning against the tax while leading a new, independent Connecticut Party during that campaign season, then pushing it through after taking office when confronted with the realities of the state”™s budget.

In a day when the state legislature included names like current U.S. Rep. John Larson, Lt. Gov. Nancy Wyman and Attorney General George Jepsen, entering the 1992 session Larson was frank about the realities facing members confronting an $8 billion deficit.

“Are there magic solutions? I”™m afraid not,” Larson said at the time. “Are there sacrifices to be made? I”™m afraid so.”

Twenty years later, the question becomes whether any Connecticut General Assembly members will have sacrificed their seats in voting for Malloy”™s 2011-2012 budget and the taxes they levied.

Regardless of the outcome of this year”™s Connecticut General Assembly races, for Malloy the 2014 campaign essentially begins in January with the new, two-year legislative session. In crafting his coming “state of the state” speech, Malloy might want to borrow a page or two from Weicker”™s own words two decades ago, which still resonate today.

“Everybody says to me in one form or another ”¦ ”˜You know, this is a political year and therefore you”™ve got to sort of put it on the backburner, the solutions ”“ you”™ve got to wait until we get through this political year,”™” Weicker said. “Are the other 49 states who are trying to grab our businesses out of Connecticut ”“ are they waiting? I think it”™s the philosophical and political agendas that best wait in face of the toughest game of life that”™s been played in this state for a long time. Let the reality of Connecticut be the arbiter of our policy. For my part, my heart and hand are open anew to every one of you in this General Assembly. Many of us in terms of lawmaking butted heads last year. That”™s 1991. That”™s water over the dam. We have new challenges, a new year, and I ask that we make common cause against threats of economic devastation, government spending gone amuck, and children forgotten.”

For his part, Malloy acknowledged Connecticut”™s economy is not picking up as fast as he had hoped.

“I can tell you we have no intention of raising taxes,” Malloy said. “We are doing everything in our power to work on a budget that we”™ll present in February that does not reflect additional taxes.”

This page is available to subscribers. Click here to sign in or get access.

Previous Post

Fox exec: Campaigns dodge fiscal cliff

Next Post

Ethan Allen marks 80th anniversary

Related Posts

Seven Greater Danbury nonprofits receive total of $38K in arts grants
Arts & Leisure

Seven Greater Danbury nonprofits receive total of $38K in arts grants

June 12, 2026
America 250
America 250

America 250

June 12, 2026
Helming history
Fairfield

Helming history

June 12, 2026
Next Post
Farooq Kathwari

Ethan Allen marks 80th anniversary

Comments 1

  1. Pingback: Connecticut Headlines — Daily News
Subscribe to our newsletter

Lifestyle

  • Exclusives
  • Good Things Happening
  • Food & Restaurants
  • Travel
  • Health & Fitness
  • Home & Design

World News

U.S. and world news for Feb. 13
World News

CNN WIRE — Trump loses on appeal; name must come off Kennedy Center

by CNN Wire
June 12, 2026
0

An appeals court is keeping intact a federal judge’s ruling requiring the Kennedy Center to remove President Donald Trump’s name...

CNN WIRE — Judge rejects bid to stop UFC fight at White House

CNN WIRE — Judge rejects bid to stop UFC fight at White House

June 12, 2026
CNN WIRE — How Elon Musk set off two weeks of chaos across Washington

U.S. and world news for June 12

June 12, 2026
Increases set for NY minimum wage

CNN WIRE – -New data show costs for businesses on the rise; 6.5% wholesale inflation

June 11, 2026
U.S. and world news for June 11

U.S. and world news for June 11

June 11, 2026
CNN WIRE — Bill Gates testifies about Jeffrey Epstein: VIDEO

CNN WIRE — Bill Gates testifies about Jeffrey Epstein: VIDEO

June 10, 2026
No Result
View All Result

Latest News

U.S. and world news for Feb. 13
World News

CNN WIRE — Trump loses on appeal; name must come off Kennedy Center

by CNN Wire
June 12, 2026
0

An appeals court is keeping intact a federal judge’s ruling requiring the Kennedy Center to remove President...

Seven Greater Danbury nonprofits receive total of $38K in arts grants

Seven Greater Danbury nonprofits receive total of $38K in arts grants

June 12, 2026
CNN WIRE — Judge rejects bid to stop UFC fight at White House

CNN WIRE — Judge rejects bid to stop UFC fight at White House

June 12, 2026
America 250

America 250

June 12, 2026
Mount Pleasant lawyer petitions for bankruptcy help

Mount Pleasant lawyer petitions for bankruptcy help

June 12, 2026
Logo Westfair Business Journal

Latest News

CNN WIRE — Trump loses on appeal; name must come off Kennedy Center

Seven Greater Danbury nonprofits receive total of $38K in arts grants

CNN WIRE — Judge rejects bid to stop UFC fight at White House

  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Sign in

Trending Westchester

Subscribe to our newsletter

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.

No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
      • 2025
      • 2024
      • 2023
      • 2022
      • 2021
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBE
    • NEWSLETTERS
    • DIGITAL ACCESS

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.