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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 →

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Malloy seeks to roll back $220M in business tax hikes

Gov. Dannel P. Malloy announcing proposed budget changes with Lt. Gov. Nancy Wyman.

Gov. Dannel P. Malloy proposed Friday to roll back about $220 million in business tax hikes before they take effect in the new two-year state budget July 1 and replace them with still-to-be-identified spending cuts. Legislative leaders offered no ready endorsement, saying they will review the plan. Continue Reading →

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House adopts controversial state budget

House Speaker J. Brendan Sharkey talking with the majority leader on the phone while the chamber votes on the budget

Connecticut’s long-running budget drama began drawing to a close early Wednesday as the House of Representatives adopted a $40.3 billion, two-year package that largely restores deep cuts to social services and expands municipal aid while bolstering tax revenues by almost $2 billion. Continue Reading →

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