Four of Connecticut’s Republican gubernatorial contenders indicated Wednesday they would ask unionized state employees to grant concessions in 2015 – for the third time in seven years – to help balance the budget.
Plummeting tax receipts have ripped a nearly $300 million hole in the next state budget, leaving legislators and Gov. Dannel P. Malloy just one week to fix it, according to a new report Wednesday from fiscal analysts.
A deceptive stock market, weak job growth and federal sequestration combined to turn Gov. Dannel P. Malloy’s budgetary oasis into a mirage, according to several leading Connecticut economists.
Citing declining state revenue projections, Gov. Dannel P. Malloy gave up Monday on two of his biggest re-election year budget initiatives: a $55-per-person rebate and a supplemental payment into the state employees’ pension fund.
The Senate overwhelmingly granted final approval Thursday to a landmark deal that authorizes $400 million in tax breaks to United Technologies Corp. to trigger a major expansion designed to preserve Connecticut’s aerospace and engineering base.
One of the top Democrats in the Senate conceded Thursday that Gov. Dannel P. Malloy’s rebate program might need to be scaled back if disappointing tax revenue projections don’t improve soon.
The partisan debate heated up Thursday at the Capitol over whether state government should administer a retirement savings program for private-sector employees.
The top House Republican on the legislature’s tax-writing committee, Rep. Sean Williams of Watertown, announced Thursday he won’t seek re-election this fall.
Updated, 9:19 p.m. With early analyses of state income tax returns showing receipts could fall short of budgeted levels, the top Republican in the state Senate renewed his call Wednesday for Gov. Dannel P. Malloy to scrap his controversial tax rebate plan.
As the April 15 tax deadline approached, speculation at the Capitol was that tax receipts would rise. The question was, Would they grow modestly, or explode? But early tax returns have weakened hopes for any explosion, and raised the specter of something worse.
Minority Republican state legislators pitched an alternative budget Thursday that weeded hundreds of millions of dollars out of gimmicks from Gov. Dannel P. Malloy’s plan and canceled the governor’s controversial rebate.
While procrastinators hope for big refunds and scramble to beat Tuesday’s tax-filing deadline, the person with the most riding on those returns is Gov. Dannel P. Malloy.
Gov. Dannel P. Malloy cleared a big hurdle Tuesday in his bid to provide a $55-per-person rebate to taxpayers when the legislature’s tax-writing panel endorsed the plan.
The Finance, Revenue and Bonding Committee unanimously backed the governor’s proposed aid plan to UTC – designed to trigger a major corporate expansion in Connecticut.
After 22 years representing Connecticut’s 55th District in the state House of Representatives, Bolton Republican Pamela Z. Sawyer announced Tuesday she will not seek election to a 12th term.