Gov. Dannel Malloy Officially Launches Re-Election Bid

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Gov. Dannel P. Malloy makes the announcement Friday in Hartford with Lt. Gov. Nancy Wyman.
Gov. Dannel P. Malloy makes the announcement Friday in Hartford with Lt. Gov. Nancy Wyman. Photo Credit: www.danmalloy2014.com
Gov. Dannel P. Malloy is running for re-election with Lt. Gov. Nancy Wyman.
Gov. Dannel P. Malloy is running for re-election with Lt. Gov. Nancy Wyman. Photo Credit: www.danmalloy2014.com

FAIRFIELD COUNTY, Conn. -- Gov. Dannel P. Malloy will seek a second term as Connecticut's highest elected official, The Hartford Courant is reporting.

Malloy, a former Stamford mayor, made the announcement during a press conference after a State Bond Commission meeting at the Legislative Office Building in Hartford, The Courant reported. 

The Democratic governor made the announcement standing next to Lt. Gov. Nancy Wyman, who will be his running mate again in 2014. 

"Dan Malloy has focused on strengthening Connecticut’s future. We’ve given small businesses the help they need to grow and create good jobs, balanced the budget and reduced the state’s long-term debt by billions, and made Connecticut the first state in the nation to increase the minimum wage to $10.10/hour," says an announcement on his campaign website at www.danmalloy2014.com

"But Dan Malloy is not satisfied, and he knows there is more work to be done. He is committed to making sure that our progress is felt not just by those at the top, but by all the people of Connecticut," the website says. 

Malloy also relaunched his re-election Twitter account with an announcement of "I'm in! Let's keep CT moving forward." 

He followed that up with, "I have fought my whole life to have the privilege to serve my state." Malloy also tweeted, "As a kid, I dreamed of the chance to help others the way my teachers helped me. Join me to keep CT moving forward."

He had previously dodged questions about running for another term, saying he wouldn't come to a conclusion until after the legislative session ended in May, according to The Courant. 

The announcement came just one day after he signed a state-wide minimum wage hike to $10.10 an hour, one of his biggest legislative victories. 

Malloy is a Stamford native who attended local schools and served as the city's mayor for 14 years. 

He narrowly defeated Republican Tom Foley of Greenwich for governor in 2010, and all signs point to another closely contested race between the two this fall.

A recent Quinnipiac University poll said Malloy and Foley were in a virtual dead heat. 

Click here to read the full Hartford Courant article. 

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Different accounting maneuvers do not make a state fiscally healthy.
From My Left Nutmeg:
Connecticut Fiscal Policy: Surplus First, Deficit Later
by: ctblogger
Tue Jan 21, 2014 at 09:29:56 AM EST
...

What brought Connecticut to this precarious point is primarily the use of one-time revenues and the borrowing to pay for operating costs.

As Keith Phaneuf explains:

"Since the governor took office three years ago, close to $1 billion in operating costs have either been deferred or shifted onto the state's credit card. Malloy criticized these very gimmicks when he was a candidate in 2010.
'Too often over the past 16 years, and especially over the past two years, Hartford's played a budget shell game; piles of money get moved around, erasers get used, and voila, there's a 'balanced budget,' Malloy wrote in a 2010 campaign policy paper. 'It fools only those who want to be fooled.'

Among the steps taken by Malloy and the legislature's Democratic majority were:

Canceling an early $222 million debt payment in June 2012. Instead they used $138 million to close a year-end operating deficit and put $94 million into the Rainy Day Fund.

Refinancing debt to push $392 million in payments owed now until after the election.

Bonding $173 million in new municipal aid over this fiscal year and next.

Bonding $57 million for pollution abatement and stem cell research grants that previously were paid for out of the operating budget.

Borrowing an extra $39 million so that debt payments tied to converting state finances to Generally Accepted Accounting Principles could be deferred until after the election."

You can read more about how gimmicks have been used to create the surplus in the Wait, What post - Governor Malloy's fake Connecticut Budget "Surplus"

In the meantime, the answer is yes - Connecticut presently has a surplus but whoever wins the governor's race in November 2014 will be facing the challenges associated with enormous budget deficits."

Here you go liberals. Using credit cards with high interest to pay your mortgage is the same thing these progressive brain dead libs did>>>>>>>>>>>>>>>Gov. Dannel P. Malloy is employing some fiscal tricks himself, using $70 million in borrowing and other gimmicks to balance his latest spending plan.

This comes less than a year after Malloy and his fellow Democrats in the legislature’s majority used borrowing and other moves to delay paying hundreds of millions of dollars’ in operating costs until after the November elections.

That's exactly what the Republican war criminal Bush did to pay for 2 wars started on lies.

I think democrat gun owners will vote republican this time or not at all.

@ Elizabeth The governor raised our taxes and made it retroactive. He borrowed the money for the reduction. We still are in the red for billions. Do the research!!

This is great news..

True dirty duck.. He took CT from doing broke to a 500 million surplus

What happened to a line item for Cultural Enrichment? Malloy is well aware that there is a multiplier effect for dollars spent by tourists visiting museums and other cultural institutions. Tax and excessive funds thrown at big companies for (?) doesn't seem to work. Maybe if there were more to do in some areas companies employees wouldn't want to be in Manhattan.

What did you expect ???? He DIDN " T get the Give away Job that the GIVE AWAY President had promised.. He is going to get the "Entitled People's Vote" It's a Home Run for him----Just Like the Captain of the Titanic He is NOT Listening !!!!!! Run Danny Run for the SHIP IS SINKING !!!

I wonder if Obama will campaign for him...