Issue Position: Advocate for Better Long Term Budgetary Planning and Preparation
Issue Position
Issues: Government Budget and Spending
This recession showed that Connecticut was caught unprepared for the cyclical nature of an ever-evolving economic system that operates globally and with complex exchanges of economic and human capital. Budget deficits occur but when they do we should be better prepared to respond to them with an appropriately funded state savings account, the "Rainy Day Fund", that can protect the state's credit rating while mitigating the impact of potential future budget deficits without increasing taxes, user fees or borrowing.
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