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CT gains jobs in October but unemployment rate remains fixed

Connecticut’s jobless rate remained fixed at 6.4 percent in October, despite the addition of about 3,600 new jobs, the state Department of Labor reported Thursday. The agency’s latest report also downgraded job growth estimates it had released two weeks before Election Day.
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Malloy: Tax breaks likely for consumers, teachers, poor — maybe not business

Gov. Dannel P. Malloy answers questions from reporters after a state Bond Commission meeting Wednesday. At right is Lt. Gov. Nancy Wyman.

Despite the likelihood of deep spending cuts in Gov. Dannel P. Malloy’s next budget, the prospects of tax relief for consumers, retired teachers and the working poor are good. But for Connecticut’s businesses – not so much. Continue Reading →

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Are CT cities and towns no longer immune from state budget axe?

Gov. Dannell P. Malloy

Gov. Dannel P. Malloy spared cities and towns from the state budget axe as he grappled with deficits for much of the past four years. But with sales tax receipts promised long ago to municipalities still lying in the state’s coffers, GOP legislative leaders are worried the Democratic governor’s days of sparing local taxpayers are over.
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Outside spending on governor’s race topped $18 million

Tom Foley and Dannel P. Malloy

Outside spending on Connecticut’s closely contested race for governor reached a record $18.2 million in 2014, a five-fold increase from 2010 that dwarfed the $6.5 million in public financing allotted to each of the major-party candidates. But fears of heavy independent spending on legislative races went unrealized. Continue Reading →

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Deadline looms for Congress to extend popular tax breaks

WASHINGTON – Unless Congress acts soon, Connecticut commuters, students, homeowners and businesses will lose a number of valuable tax credits and deductions. These credits and deductions, known as “extenders,” aren’t a permanent part of the tax code and must be renewed by Congress from time to time.
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