Budget/Economy

Recent Posts

Appropriations budget may finally spark a spending cap debate

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When it comes to state finances, the constitutional spending cap has been the elephant in the room for the past decade. But the leaders of the legislature’s Appropriations Committee took the first step Monday to force a debate on a broken budget mechanism that increasingly promotes excessive borrowing, secrecy, and the squandering of federal dollars. Continue Reading →

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Price of first step on Malloy’s 30-year journey is $2.8 billion

Gov. Dannel P. Malloy talks to reporters about transportation funding. At right is Commissioner James P. Redeker.

The administration of Gov. Dannel P. Malloy asked a legislative committee Monday to approve $2.8 billion in additional transportation borrowing over five years, a down payment on what Malloy hopes will be a $100 billion infrastructure investment over three decades. Continue Reading →

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Track the budget: Compare the spending proposals

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Updated April 27
Which programs do the governor and both parties in the legislature want to cut? Where do they disagree? And how would the programs you care about fare under each of the three budget proposals released this year? This searchable tool is intended to help you figure that out. Continue Reading →

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Budget panel would blow by spending cap to restore social service, education funds

Sen. Beth Bye and Rep. Toni Walker at a press conference after releasing the Appropriations Committee's budget proposal.

The legislature’s budget-writing panel recommended adding $514 million in spending to Gov. Dannel P. Malloy’s plan for the next fiscal year — and embraced a radical new interpretation of the constitutional spending cap — primarily to bolster human services and education. Continue Reading →

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Behind The Numbers podcast – Episode 4: Businesses, Taxes and Transportation

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Connecticut Mirror budget reporter Keith M. Phaneuf and Connecticut Business & Industry Association President Joe Brennan discuss the prospect of business tax increases in the next state budget, which would hurt the most, and whether companies would support Gov. Dannel P. Malloy's transportation initiative this fall. Continue Reading →

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Sales tax may take center stage in state budget debate

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Leaders of the legislature’s tax-writing panel have made it no secret they hope to minimize new taxes on Connecticut corporations this year as politicians and business leaders alike hope for the economy’s best year since the Great Recession ended. But one key alternative the Finance, Revenue and Bonding Committee is expected to recommend this week involves a major overhaul of Connecticut’s sales tax – a move the state’s chief business lobby warns could damage the economy worse if handled improperly. Continue Reading →

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GOP: Seek big labor savings to reduce Malloy’s painful cuts

Senate Minority Leader Len Fasano, at podium, and House Minority Leader Themis Klarides present Republican budget proposals Friday.

The legislature’s Republican minority argued Friday that Connecticut could avoid most of the painful tax hikes and social service cuts in Gov. Dannel P. Malloy’s budget — and offer modest tax relief — by dramatically scaling back labor costs over the next two fiscal years. Continue Reading →

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Battle lines drawn in Connecticut over Pacific trade deal

U.S. Rep. Rosa DeLauro, D-3rd District

WASHINGTON – The battle lines drawn over a proposed U.S. trade pact with 11 Pacific Rim nations are running straight through Connecticut, which has emerged as the home of some of the proposed agreement’s most ardent supporters and bitter foes. Continue Reading →

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On conservation’s front lines, districts facing budget cuts

An aerial of the Laurel Marsh project in East Hartford and Manchester, which replaced invasive aquatic grasses with native species.

The five little-known Connecticut Conservation Districts help municipalities and the public with soil and water conservation problems and projects they can’t handle themselves. Gov. Dannel P. Malloy's proposed budget would end all $300,000 in state funding for the districts — money they say is necessary to run their offices and leverage larger sums in the form of grants. Continue Reading →

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Malloy’s fitful search for a ‘new normal’ on budgets

Gov. Dannel P. Malloy inspecting the I-84 viaduct in Hartford, which he says needs replacement at a cost of billions.

Gov. Dannel P. Malloy talks about his push for a “Second Chance Society” for ex-offenders and his intention to somehow coax the General Assembly into putting the state on a path to spend $100 billion on transportation over 30 years. But the reality of governing in the first months of his second term is less about big ideas than the prospect of a protracted and painful conversation with a restive General Assembly about what kind of government Connecticut can afford. Continue Reading →

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