After a hard-fought primary for governor, the Senate Democrats joined together Monday around the primary winner, former Stamford Mayor Dannel Malloy, on the road to a unified campaign for the fall.
Senate President Pro Tem Donald Williams supported Greenwich cable television entrepreneur Ned Lamont in the primary, but he has vowed to support Malloy in the race against Republican Tom Foley.
Malloy had lunch with Williams last week, and Williams invited him to the caucus Monday to talk about his vision for the state.
"Some of the senators hadn't supported me. Some of them had,'' Malloy told reporters after the 40-minute caucus. "It was great to get everybody on the same page, and we, as Democrats, are on the same page. This is our best shot in 20 years to elect a Democratic governor, and I'm prepared to work with them to get that done.''
One of the controversial issues that Malloy is pushing is a potential switch by the state to Generally Accepted Accounting Principles, which is traditionally an arcane issue in state government. The accounting switch, however, is important because it would make the state's future budget deficit even worse. For example, the state's budget deficit this year is less than $70 million, but the GAAP deficit would be $2.5 billion.
Foley - Malloy's opponent - agrees with him on the issue. "By not using GAAP, Hartford is able to hid many expenses from the public,'' said Foley, adding that public companies are required to use the accounting standard.
To start fixing the problem, Malloy says he would sign an executive order on his first day as governor to institute GAAP in state agencies even before he delivers his inaugural address. He would then try to convince the legislature in the ensuing months to change the law regarding GAAP. Legislators have been postponing GAAP since the days of then-Gov. Lowell P. Weicker, and they consistently postponed it further - often for two years at a time - under Governors John G. Rowland and M. Jodi Rell.
"I talked about the things that my staff told me not to talk about,'' Malloy told reporters. "Most people reading your papers are not going to be excited about GAAP. I understand that. But I'm very excited about transparency and telling the truth on budget matters.''