Connecticut House Speaker: Tax “mistakes” made in budget
HARTFORD — House Speaker Brendan Sharkey is acknowledging Connecticut lawmakers made mistakes in trying to find the revenue needed to balance the state’s new two-year budget.
The Democrat said it’s always difficult to find the last few million dollars. In those situations, he said decisions are made that “are not fully vetted” and don’t consider the impact on business. He gave the example of a proposal to increase the state’s tax on data processing.
Sharkey spoke Thursday to the new State Panel on Business Competitiveness, created by the General Assembly after major employers balked at a budget that passed with various business tax increases. Revisions were later made.
Sharkey said he wants feedback from the group of experts on ideas for addressing a shortfall that has already developed in the budget.