Budget Battle Leads to Increased Layoffs

Connecticut – In an attempt to close a widening budget deficit without raising taxes, Gov. Dannell P. Malloy has announced that 2500 positions would be eliminated including layoffs of approximately 1850 state employees. State spending was also cut by more than $800 million. This change came after aggressive lobbying from businesses to roll back proposed tax increases last year. Many in the state’s business community feel that excessively high Unemployment and Workman’s Comp costs are driving businesses to set up shop elsewhere. To read more about this ongoing battle, Click here: http://www.courant.com/politics/hc-general-assembly-business-20160506-story.html