Malloy, Foley, Offer Different Directions for the State’s Economy

Stamford – During the fourth economic summit here on the UConn campus, Dan Malloy, the Democratic former local mayor and Tom Foley, the Greenwich private investor carrying the GOP banner, presented different proposals for the state to move forward and balance its budget.

Foley would cut the $19 billion budget by $2 billion. Malloy would use $1 billion in unused research and development tax credits and pension funds to create a $2 billion investment aimed to creating more than 100,000 direct and indirect jobs.

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