Is it OK to offer big tax relief to a corporation that retains the option to cut thousands of jobs in the years to come?
Gov. Dannel P. Malloy’s administration is finalizing plans to move state government’s data processing center to southeastern Connecticut early next year.
Efforts to ensure trains ran on time likely contributed to the accidents and other safety-related mishaps that plagued the Metro-North Commuter Railroad last year, the service’s top brass told state lawmakers Thursday. And efforts to enhance safety could lead to more delays in the future.
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.
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.
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.
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.
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.
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.
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.
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.
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 […]
Connecticut’s unemployment rate continues to drop – but so does the number of residents still looking for work.
Connecticut’s cities and towns hope to reclaim their share of state sales tax revenues when the 2014 General Assembly session convenes next week.
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.