Budget/Economy

Recent Posts

Behind The Numbers podcast — Episode 5: The Budget and Municipalities

behind-the-numbers logo

Connecticut Mirror budget reporter Keith M. Phaneuf discuss the state budget and its effect on Connecticut cities and towns with Matthew B. Galligan, Connecticut Conference of Municipalities president and South Windsor town manager. Continue Reading →

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A symbolic victory for casino expansion

A craps table in the Casino of the Earth at Mohegan Sun.

The state Senate approved the consolation prize late Wednesday for those hoping to see a new casino authorized to combat growing competition from gambling facilities in neighboring states — particularly one to open in Springfield in 2017. The bill, which now heads to the House of Representatives, instead establishes a search process for a potential host community for a new casino — and requires the legislature to revisit the matter one year from now.
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CT says it has six months of transportation funds if Congress fails to act

Putnam bridge

Washington — The law that authorizes federal transportation spending in Connecticut and across the nation runs out at the end of the month, and the fund that pays for that spending is expected to go broke two months later, but Connecticut says it has funding in place for at least six months' worth of projects if Congress fails to act in time to avert the looming crisis. Continue Reading →

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Would state sales tax hike really translate into local tax relief?

Senate President Pro Tem Martin M. Looney

The fate of a major proposed expansion of Connecticut’s sales tax may not hinge solely on the objections of businesses and consumers. The key question could be whether cities and towns — the prime beneficiaries of these potential sales tax receipts — would use those funds to lower property taxes or to expand local spending. Continue Reading →

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Partisan budget debate heats up at the state Capitol

Senate Minority Leader Len Fasano talks with reporters.

The partisan game of budget show-and-tell, or don’t-show-and-don’t tell, heated up at the state Capitol once again on Wednesday. Senate Minority Leader Len Fasano, R-North Haven, said the GOP would be happy to re-balance its alternative budget – provided majority Democrats take it seriously and invite Republicans into bipartisan budget negotiations.
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GOP to stage public hearing in hopes of rallying tax-hike opposition

Sen. Len Fasano and Rep. Themis Klarides

Hoping to rally public opposition to $2.4 billion in new proposed tax revenues for the next two fiscal years, Republican state legislators will conduct a public hearing next week that GOP leaders hope will exert enough public pressure to do what their votes alone cannot – block most, if not all, of these proposed increases.
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