revenue-sharing

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Towns wary of local spending cap as state begins revenue sharing

Enjoying their first infusion of state sales tax receipts — albeit not as much as promised — Connecticut’s cities and towns remain wary of a revenue-sharing program that comes with a controversial spending cap. Continue Reading →

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Nonpartisan analysts: Tentative CT budget wipes away lots of red ink

The tentative plan to close a $1 billion hole in Connecticut’s finances starting July 1 also would wipe away more than 40 percent of the red ink threatening state government after the November elections, nonpartisan fiscal analysts reported Tuesday evening. Continue Reading →

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

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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