Gov. Dannel P. Malloy’s budget chief left the door open Thursday for the administration to support a House Republican initiative to provide $60 million in tax relief to small businesses.
Sen. Beth Bye: “Those of us who have been through some of the challenges of discrimination, when you go through something this hard, you come out strong. I think it’s a critical part of who I am.”
Leaders of two crucial state legislative panels offered strong endorsements Monday for Gov. Dannel P. Malloy’s proposal to provide up to $400 million in tax relief for United Technologies in exchange for its major investment in its Connecticut aerospace industries.
Talk of tax cuts may once again be framing Connecticut’s gubernatorial debate, but Joe McGee of the Business Council of Fairfield County, and other business leaders, say it’s time for a wider frame with more long-range perspective.
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.