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2017 Connecticut Legislative Leadership Breakfast

April 5 @ 7:45 am - 9:30 am

On April 5 we invite you to meet Connecticut’s top legislative leaders. The breakfast will be held at the Crowne Plaza, Stamford. (Google map listed below.)

Speakers on the 2017 panel include:

Governor Malloy proposed his $40.6b, two-year budget to a legislature that looks significantly different in 2017. Republicans and Democrats are now equally represented in the Senate, the Democrats maintain a slight seven seat edge in the House and the Legislative Leadership welcomes a new Speaker of the House and 2 Senate President Pro Temps.

‘Education is economic development’
Central to that budget is a significant proposal that the Governor has described as ‘ensuring equal opportunity of success’ by ‘tackling the challenge of inequity in town aid.’ Acknowledging ‘large pockets of concentrated poverty’ in municipalities with the highest tax burdens and poorest educational performance, the Governor is proposing to create a more equitable solution by updating the Educational Cost Sharing formula, which guides approximately $4.1 billion of state funding. Reflecting on the cuts already made to state services and sacrifices made by state employees, the Governor is proposing to fund this new system in part by having towns share in the cost of their teachers’ pensions as municipal employees to the tune of $400 million.

The heavy lift
In order to close the $1.7 billion dollar deficit identified in the Governor’s budget, if current services remain unchanged, he has proposed, among others, $700 million in savings expected from negotiations on the state employee labor contracts, $400 million shift of town aid, and an additional $200 million from reductions in income tax credits, ultimately reducing new spending by $1.36 billion.

While the Legislature works to craft a budget, Republican leadership has identified their opportunity to address this session – the state employee benefits contract, expressing doubt that the Governor will be able to achieve the $700 million in savings.

Referring to the Governor’s proposals as a ‘bait and switch budget’ with ‘middle class tax hikes’ the Republicans have pledged to have an alternative budget ready by early May, one month before the session ends on June 7.

So where does Connecticut’s Legislative Leadership stand?
On April 5th, the state’s Democratic and Republican leadership will provide us a candid glimpse into the current budget negotiations.

  • Are tax increases being considered, despite near universal public statements that they are not?
  • How will they deliver a stable and predictable budget, without undue reliance on one-time fixes and gimmicks?
  • What infrastructure investments are being proposed and how will they be financed?
  • Legislation is before committee to open the state’s first commercial casino and southwest Connecticut has been cited as a possible location. What is the leadership’s position?
  • Join us to hear – and ask – how – or if – common ground can be found. Joe McGee, The Business Council’s VP Public Policy will moderate a panel that will offer no speeches, but which will have plenty of time for Q & A.
 

Registration:

Pay online – Please click to pay and register here. There is no need to use the form below, just enter guest name(s) in the Notes section of the payment page.

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Member invoice – If you are a member, register using the form below and request to be invoiced.

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Member: $45Non-Member: $55Member Table of 10: $450Mayor/First Selectman, Board of Reps, Board of Education Chairs

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Please note: Your reservation obligates The Business Council to contract a meal on your behalf. In the event you must cancel, refunds can only be issued if we are notified by email (register@businessfairfield.com), fax (203-967-8294) or letter, by Monday, April 3rd. Thank you for your cooperation.

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Venue

Crowne Plaza Stamford
2701 Summer Street
Stamford, CT 06905
+ Google Map