Members of a former state panel charged with examining Connecticut’s fiscal situation have returned as private citizens to issue additional dire warnings.
The Commission on Fiscal Stability and Economic Growth on Wednesday released its follow-up report, as a private sector group, saying the timing is right considering there will be a new governor and General Assembly in January.
This latest report focuses on limited recommendations, including cutting state expenses; right-sizing state employee and teacher compensation and benefits; cutting or broadening certain taxes; prioritizing state transportation projects; educating more students in science, technology, energy and math; and making municipal revenue changes.
Commission Co-Chairman James Smith says “Connecticut’s ship of state is burning” and “decisive action” is needed. He notes how fixed costs will consume 53 percent of Connecticut’s budget by 2020.