Gov. Malloy and Lt. Gov. Wyman Applaud Final Approval of State Employee Concession Deal Saving Taxpayers over $24 Billion

(HARTFORD, CT) – Governor Dannel P. Malloy and Lt. Governor Nancy Wyman are applauding the final legislative approval today of an agreement with the state employee unions on contract concessions that will save the state’s taxpayers approximately $24 billion over the next twenty years. With today’s vote by the State Senate to approve the agreement, which was ratified in the House of Representatives last week, the concession package can now begin to take effect and start producing savings, including $1.57 billion in the current biennium.

Governor Malloy said, “Today the state legislature ratified the largest state employee concession package in our state’s history – a deal that will save state taxpayers $1.57 billion over the next two years and approximately $24 billion in long-term savings. Make no mistake about it – these are significant savings, and I want to thank our state workers for stepping up to the table and negotiating in good faith to produce significant, structural changes that will be the foundation of a responsible, balanced budget. I also want to recognize the legislators who analyzed the savings this deal will produce and recognized the significant structural reforms being made and the reality that we need to find solutions that put our state on firm fiscal ground as soon as possible. In addition, I want to recognize the hard work and dedication of Secretary Ben Barnes, Undersecretary for Labor Relations Lisa Egan, and the other members of the state’s Office of Labor Relations for working with SEBAC leadership to negotiate this historic deal.

“The $1.57 billion in savings during the current biennium that this concession package will produce are a key piece toward adopting a budget for our state. I am urging legislative leaders on both sides of the aisle to work with our administration on finding a solution on this as soon as possible so that the most vulnerable populations do not suffer long-term consequences.”

Lt. Governor Wyman said, “The Connecticut state employee concessions package will help us get control of pension costs and build a more sustainable budget now and well into the future. I thank them for coming to the table and for their ongoing partnership.”