Connecticut Commentary: Red Notes from a Blue State

Thomas Hooker After Governor Ned Lamont had signed a budget that Republican leaders in the state House and Senate insist is woefully out of balance and therefore unconstitutional, a eupeptic Lamont said this: “For years, instability in the state’s finances has resulted in slow growth and volatility in our economy — and this budget was adopted with a focus on providing the foundation from which our state can grow,” Lamont said. “When the fiscal year closes, Connecticut will have the largest rainy day fund in history and this budget maintains and grows our reserves, providing reliability and predictability for our taxpayers, businesses, and those looking to invest in our state well into the future.” Republicans Len Fasano and Themis Klarides are likely right. The Lamont-Looney-Aresimowicz budget depends upon tax receipt projections that are, to put it mildly, fanciful.   The budget hawks at  CTMirror   tell us, “The new  $43.4 billion, two-year plan  “ recen...