Budget/Economy

Recent Posts

Health, labor, environment bills revived in special session

Sen, Beth Bye, Appropriations Committee co-chair, in the Senate  chamber during Monday's special session

A wide range of legislative priorities that failed to clear both chambers of the General Assembly before the June 3 end of the regular session won final approval early Tuesday as part of a massive budget implementation bill. The 686-page everything-but-the-kitchen-sink bill also includes several controversial new provisions. Here's what's in it. Continue Reading →

Filed under: , , , , , , ,

The state of UConn in 15 charts

UConn chart art

The University of Connecticut has been undergoing tremendous growth recently — partly evidenced by the $1.3 billion budget officials adopted last week. Here, in graphical form, is a historical overview of where the public university gets and spends its money, who it enrolls, and how many it employs. Continue Reading →

Filed under: , , , ,

Legislature to return Monday for concessions to business

From left, Senate Majority Leader Bob Duff and Senate President Pro Tem Martin Looney explain budget changes.

The legislature and Gov. Dannel P. Malloy would sacrifice pieces of their biggest initiatives – property tax reform and transportation, respectively – to help roll back about 10 percent of the tax hikes in the new state budget, sources from the House and Senate Democratic caucuses said Friday. Legislators return Monday for what they hope will be a one-day special session. Continue Reading →

Filed under: , , , , , , ,

Whistleblower suit: Disability pension system corrupt

State Comptroller Kevin P. Lembo

A state whistleblower and former attorney for Connecticut’s retirement systems has filed a lawsuit alleging corruption and malfeasance in the handling of millions of dollars in disability pension benefits. The lawsuit expands upon concerns raised last week by the state’s auditors and alleges that mishandling has put the state’s retirement systems at risk of losing federal tax law protection. Continue Reading →

Filed under: , , ,

Revised forecast bleak: New federal data bursts CT’s economic bubble

economic slowdown art copy

The University of Connecticut’s economic think-tank predicted Thursday that the state’s job growth this year and next probably will stall or even decline — a dramatic reversal of its forecast of robust job growth issued just four months ago. Continue Reading →

Filed under: , , , , , , ,

Malloy says there is ‘consensus’ on tax hike rollbacks

Gov. Dannel P. Malloy speaks to reporters after addressing housing advocates at the Hartford offices of the Community Renewal Team Wednesday.

One day after House Democratic leaders said they had just began to discuss Gov. Dannel P. Malloy’s last-minute budget proposals, the governor declared Wednesday there already is a “consensus” agreement to roll back two controversial tax hikes. Continue Reading →

Filed under: , , , , , , ,

House Dems still searching for response to Malloy’s budget changes

House Speaker J. Brendan Sharkey, right, and House Majority Leader Joe Aresimowicz brief reporters.

Leaders of the House Democratic majority were optimistic Tuesday they could resolve the new state budget next week, but couldn’t say what changes — if any — might be made. House Democrats met for more than three hours behind closed doors to discuss last-minute revisions sought by Gov. Dannel P. Malloy as well as any legislators might want to make. Continue Reading →

Filed under: , , , ,

A nonprofit and an accountant join anti-tax chorus

Andrew Phillips. a tax service principal with Ernst & Young

The Connecticut Business and Industry Association brought a new voice Monday to its campaign to roll back state tax hikes — a major Hartford-based job development nonprofit. During a rally mid-day rally outside of the Capitol, the CBIA also tried to undercut one of its opposition’s chief arguments: that Connecticut businesses are profitable enough to afford more taxes. Continue Reading →

Filed under: , , , , ,

Behind The Numbers Podcast – Episode 6: Charter schools, state aid and UConn in a lean budget

behind-the-numbers logo

Connecticut Mirror budget reporter Keith M. Phaneuf and education reporter Jacqueline Rabe Thomas discuss the new $40.3 billion, two-year state budget legislators sent to Gov. Dannel P. Malloy, and its impact on every level of education from preschool to colleges and universities. Continue Reading →

Filed under: , , , , , , ,

Malloy’s ‘across-the-board’ cuts target education, town aid and social services

Families of people with intellectual or developmental disabilities are urging lawmakers to enact the budget as is, fearing that any changes could lead to more cuts to services for their loved ones.

To offset new taxes that have rankled business groups, Gov. Dannel P. Malloy proposed trimming up to 1.5 percent of discretionary spending in the new state budget. But the administration’s proposal shows the bulk of the cuts would likely fall on education, municipal aid, health care and social services. And a key legislator has warned that most of those areas could face even deeper cuts once the new fiscal year is underway. Continue Reading →

Filed under: , , , , , , ,