The CT Mirror (https://ctmirror.org/category/budget-economy/)
The Connecticut Mirror provides comprehensive coverage of the state and federal budgets as well as Connecticut’s economy. Find all of our stories on those topics here.
For a deeper look at Connecticut’s state budget crisis, read Keith Phaneuf’s acclaimed five-part series, “A Legacy of Debt.”
Connecticut’s unemployment rate improved slightly in June, dropping from 4.5 to 4.4 percent as the state gained 6,100 jobs, the Department of Labor reported Thursday. Continue Reading →
State Comptroller Kevin P. Lembo said Wednesday he will not support Gov. Dannel P. Malloy’s proposal to borrow $10 million to fund a new analysis on electronic tolling. Continue Reading →
Gov. Dannel P. Malloy ordered state agencies Tuesday to develop a comprehensive, $10 million study of electronic tolling that would examine pricing, locations, and the potential to capture revenue from out-of-state motorists. Continue Reading →
Republican gubernatorial contender Mark Boughton upped the ante Monday in his plan to phase out the state income tax, pledging more than $380 million in taxpayer relief in his first two-year budget. Continue Reading →
WASHINGTON – With bipartisan support, a key House panel adopted two measures sponsored by Rep. Rosa DeLauro aimed at pressing the Trump administration to improve its reunification of immigrant families separated at the U.S. border and boost funding for a mental health program that would help the children recover from the separations. Continue Reading →
Connecticut’s truck drivers and other motorists that use diesel fuel faced their first tax hike this week in five years, paying an extra 2.2 cents per gallon. Continue Reading →
After three consecutive years of draining its emergency reserves, state government is on pace to deposit nearly $780 million in its rainy day fund. Continue Reading →
A leading global financial-technical firm, Seven Stars Cloud Group, announced plans Tuesday to establish a $283 million global headquarters for technology and innovation on the former University of Connecticut branch campus in West Hartford. Continue Reading →
NEW BRITAIN — Gov. Dannel P. Malloy announced the construction Monday of a $1 billion, fuel-cell-powered, data center that leaders predicted would dramatically expand Connecticut’s digital economy. Continue Reading →
Republican legislative leaders are balking at the governor’s plans to cut $2 million from an elderly nutrition program. The governor must find $21.5 million in savings in the General Fund once the new fiscal year gets underway on Sunday. Continue Reading →
Connecticut hospitals won’t have to wait until the summer’s end as they originally feared to receive close to $300 million in supplemental state payments. Continue Reading →
While adopting a new budget that maintains the existing tuition schedule, University of Connecticut officials nonetheless expressed concerns Wednesday that declining state aid could soon be taking a toll on class sizes, academic aid and support services. Continue Reading →
With tuition and fees already slated to rise next fiscal year at the University of Connecticut, the Board of Trustees will consider a new budget Wednesday that could leave the flagship university facing additional hikes a year or two down the road. Continue Reading →
WASHINGTON – The Trump administration new policy on imported steel and aluminum has prompted dozens of Connecticut companies to ask for an exclusion from new tariffs on these metals, but only one, Schick Manufacturing Inc. of Shelton, has as yet received a waiver. Meanwhile, the European Union has counter-punched and President Donald Trump threatens to escalate the trade war. Continue Reading →
The U.S. Supreme Court’s decision Thursday opening the door for states to capture sales tax receipts for online and other remote transactions could help Connecticut capture more than $100 million annually in new revenues. Continue Reading →