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Stamford, CT
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Parting Plan? Malloy Offers Lamont Insights On Multi-Billion-Dollar State Deficit
During the gubernatorial debates, Democrat Ned Lamont said his first order of business would be to craft a fiscally-responsible state budget within 90 days. The clock is ticking, and outgoing governor Dannel P. Malloy offered the governor-elect some tips. Malloy suggested some strategies to avert a multi-billion-dollar deficit that Connecticut could face over the next two years — if solutions remain elusive. Malloy suggested that Lamont, a Democrat from Greenwich, tap into state reserves to avoid tax hikes. Other deficit-trimming options Malloy cited in his transition budget include: …
Stamford, CT
Your Community
NBA, MLB Want Fee If Sports Betting Is Legalized In Connecticut
Sports betting has become a big business in America, and if it becomes legalized in Connecticut, professional sports leagues reportedly want a piece of the billion dollar pie. Last July, Gov. Danell Malloy signed a bill into law that will allow the state to move quickly if a federal sports ban is overturned by the Supreme Court or repealed by Congress, allowing officials to “regulate wagering on sporting events to the extent permitted by state and federal law.” The Professional and Amateur Sports Protection Act of 1992 dissuaded states from legalizing sports betting, but several years ago, …
