Connecticut’s Republican Governor M. Jodi Rell on Wednesday vetoed the $37.9 billion two-year budget passed by the Democratic led-General Assembly last week.

“Instead of reducing spending as families and businesses across Connecticut have done, [the budget bill] does nothing to reduce the size or cost of a government that has outgrown the taxpayers’ ability to pay for it,” Rell said in a press release. “Rather, it pushes the pain of sacrifice off the state bureaucracy and onto the state’s taxpayers.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.