New Report: Failed Governor Dan Malloy Caught Misleading Connecticut Voters On Job Numbers, Tax Dollars

Malloy’s administration appears to have been caught inflating job creation numbers in an direct effort to hide more of his economic failures from the public.

The RGA writes:

With Connecticut’s economy still struggling after years of job-killing tax hikes under Democrat rule, Failed Governor Dan Malloy’s administration appears to have been caught inflating job creation numbers in an direct effort to hide more of his economic failures from the public. A new state auditor’s report shows Connecticut’s Department of Economic and Community Development, whose commissioner was appointed by Malloy, has been overstating the amount of jobs created by state-sponsored programs, while also underreporting the amount of tax dollars used for the programs.

After years of high-profile business departures by General Electric, MassMutual, and Alexion Pharmaceuticals as well as repeated fiscal crises and credit downgrades, it’s no surprise that Malloy’s administration would try to hide his poor performance on job creation and downplay the state’s fiscal crisis. While Malloy has called it quits and won’t run for another term, each of the Democrat gubernatorial candidates running to succeed him will be forced to answer for Dan Malloy’s misleading actions.

Here's more from the report in question

DECD understated the Urban and Industrial Site Reinvestment total tax credits awarded by $71,000,000 (12% of total) and overstated total credits earned by $14,900,000 (5%).

…DECD understated the amount reported by $73,794,800 (9%) in its portfolio, because it did not include 14 projects. We also noted that the portfolio of MAA [Manufacturing Assistance Act] assistance does not include 297 inactive projects that received $242,401,364 of financial assistance.

…DECD overstated the cumulative net state revenue for the Manufacturing Assistance Act by $259,676,000 (27%)…

DECD likely overstated the number of jobs retained because certain companies received funding multiple times or under multiple programs. Companies that received funding multiple times may have had a requirement to retain the same jobs each time they received funding. DECD counted these jobs multiple times.

Previously: 

1 year, 4 months ago

Governors in Iowa, North Dakota and Alabama join GOP colleagues in banning TikTok for state employees

The Republican governors of three more states have joined the growing number of GOP governors who are banning TikTok among state government employees amid security concerns about the Chinese-owned social media platform

1 year, 4 months ago

Arizona Governor Creates Shipping Container Border Wall

Arizona Governor Doug Ducey has had hundreds of double-stacked shipping containers topped with razor wire placed on the state’s border with Mexico

1 year, 4 months ago

Stacey Abrams’s Georgia Nonprofit Could Face Criminal Investigations for Unlicensed Fundraising

New Georgia Project's charity license has lapsed in at least nine states

1 year, 4 months ago

Biden says ‘more important things’ than border visit, despite 59 trips to Delaware, 8 stops for ice cream

Biden has yet to visit southern border despite historic crisis under his watch

1 year, 4 months ago

Governor Kristi Noem delivers annual Budget Address, says the state can afford grocery tax cut

In about thirty minutes of remarks, Governor Kristi Noem laid out her administration would like to see nearly $2.2 billion spent over the course of the next fiscal year and a half.

1 year, 4 months ago

‘A Clear And Present Danger To Its Users:’ South Carolina Gov. Bans State Employees From Using TikTok Amid National Security Concerns

South Carolina became the second state in the union Monday to permanently ban state employees’ electronic devices from using TikTok amid federal officials sounding the alarm that the Chinese-based social media app threatens national security