Lamont’s dedication to reserves stems from debts heaped on Malloy

Lamont’s dedication to reserves stems from debts heaped on Malloy

While Lamont’s first 11 months in office have been marked by a certain degree of inconsistency on issues like tolls and tax relief for the middle class, he has been the picture of consistency when it comes to Connecticut’s rainy day fund. When Malloy took office in January 2011, Connecticut was just beginning a long, slow crawl out of The Great Recession — and state government was on fiscal life support. The Republican plan to spend down Connecticut’s reserves to trim pension debt would, in turn, enable the state to reduce its pension contributions over the next decade — and funnel that savings into its transportation program.

Lamont’s dedication to reserves stems from debts heaped on Malloy

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