United Technologies Corp. would launch a major $500 million investment in its research, training and corporate facilities later this year in exchange for $400 million in tax relief over the next two decades under a deal Gov. Dannel P. Malloy announced Wednesday.
Keith M. Phaneuf
Keith has spent most of his 31 years as a reporter specializing in state government finances, analyzing such topics as income tax equity, waste in government and the complex funding systems behind Connecticut’s transportation and social services networks. He has been the state finances reporter at CT Mirror since it launched in 2010. Prior to joining CT Mirror Keith was State Capitol bureau chief for The Journal Inquirer of Manchester, a reporter for the Day of New London, and a former contributing writer to The New York Times. Keith is a graduate of and a former journalism instructor at the University of Connecticut.
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CT keeps debit card income tax refunds on backburner
The Department of Revenue Services, which recently downgraded the role of debit cards, is now seeking funds to maintain old-fashioned paper checks as the default refund option through spring of 2015.
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Malloy uses rebate to take sting out of gas tax hike
Is Gov. Dannel P. Malloy sharing a real budget surplus or buying re-election votes? In January, Malloy proposed a “gas and sales tax refund” of $55 to most taxpayers. Despite the title, gas revenues effectively contribute nothing toward the rebate.
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Malloy continues undeclared re-election bid
Gov. Dannel P. Malloy stopped just short on Monday of conceding to John Dankosky, host of WNPR’s “Where We Live,” that his re-election campaign – though unannounced – is already under way.
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Malloy decries budget gimmicks — but uses a few
Despite decrying the budget gimmicks of his Republican predecessors, Gov. Dannel P. Malloy is employing some fiscal tricks himself, using $70 million in borrowing and other gimmicks to balance his latest spending plan.
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Election-year politics, future deficit, limit CT budget options
Election-year politics. A large future deficit. A sticky constitutional cap. Budget obstacles are everywhere as legislators return Wednesday to the Capitol for the 2014 General Assembly session.
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Malloy offers modest tax breaks for retired CT teachers, consumers
Gov. Dannel P. Malloy proposed a second round of tax cuts Friday, including a new income tax break for retired teachers that could provide a strategic edge in his re-election bid.
The governor also backed a sales tax exemption for non-prescription medications, an insurance premium break for cities and towns, extending a credit for business investors and a two-day state park fee holiday.
These breaks, worth about $52 million in the fiscal year that begins July 1, would be in addition to the $155 million sales and gasoline tax rebate Malloy unveiled Thursday.
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Malloy learns from Rowland’s slip on 1998 CT tax rebate
Gov. Dannel P. Malloy apparently has learned from former Gov. John G. Rowland’s mistake.
By proposing to rebate sales and gasoline taxes – instead of income taxes – Malloy would spare nearly all recipients from having to share about 30 percent of their bonus with the federal government. Rowland made that mistake in 1998 when he and the General Assembly launched the first tax rebate program in state history.
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Was faulty CT tax mailing a huge privacy violation?
House Minority Leader Lawrence F. Cafero, R-Norwalk Could 27,000 Connecticut residents’ Social Security numbers have been mailed – along with their names and addresses – to households other than their own? A top Republican lawmaker demanded answers Monday after reviewing one of the thousands of faulty tax forms the state Labor Department acknowledged sending out […]
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December job losses in CT erase November gains
Connecticut’s unemployment rate continues to drop – but so does the number of residents still looking for work.
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CT towns want share of state tax revenues
Connecticut’s cities and towns hope to reclaim their share of state sales tax revenues when the 2014 General Assembly session convenes next week.
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Republicans propose ‘honest’ tax cuts for Connecticut
House Republicans have proposed $247 million in consumer and business tax cuts – moves they insist won’t worsen the big budget deficit projected for next year. In a press conference Thursday, GOP lawmakers said they want to give small businesses a one-time break on their unemployment assessments, accelerate the return of a sales tax exemption on clothing, and restore another exemption for over-the-counter medicine.
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Foley tackles long odds to balance budget without tax hikes
Tom Foley insists he can eliminate what effectively amounts to the largest state budget deficit in Connecticut history without raising taxes.