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Perception vs. Reality:
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Business New Haven
9/22/1997
By: BNH
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Despite perceptions and pronouncements to the contrary, Connecticut's “no-growth” state budget actually grew 4.7 percent in the recently ended fiscal year 1997, due to $228 million in additional spending for Medicaid, the Department of Children & Families and other agencies. That's according to a new report from the Connecticut Policy & Economic Council (CPEC), which notes that, in May 1996, the General Assembly adopted a revised FY 1997 budget that supposedly increased state spending by a slim 1.7 percent. Because of the $228 million in additional spending, total state spending for the year surpassed $10 billion for the first time in Connecticut's history. “The recent cuts in state taxes are financed by the continued strong growth in state revenue rather than cuts in state spending,” explained CPEC vice president and research director Michael B. Levin. “Despite attempts to credit efforts at belt-tightening, spending growth continues to exceed inflation and prevent significant change to the state's tax structure.”
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