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Posted inMoney, Politics

Dramatically eroding CT income tax receipts complicate budget debate

Updated at 7:10 p.m.
New reports show dramatically eroding state income tax receipts that could expand the deficit in the next two-year budget by more than $500 million while depleting existing reserves. Although six more days remain before analysts complete their review of April income tax receipts, the new numbers also raise the prospect state government may have to borrow to balance the current budget.

Posted inCT Viewpoints

State and federal budget cuts leave those in need behind

Connecticut’s Community Action Agencies are facing state and federal budget cuts unlike anything we’ve seen in our 50+ year history of serving low-income and working poor individuals and families. Last month over 200 CAA network staff, board members, and customers attended Community Action Day at the State Capitol to make their voices heard against these cuts, which will severely impact our ability to effectively serve Connecticut’s most vulnerable residents.