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.”
House Speaker Joe Aresimowicz, D-Berlin, said Tuesday he intends to call a vote next week on legislation making an initial commitment to implementing electronic highway tolls, despite Republican opposition that could brand Democrats as the party of tolls. Continue Reading →
Two major sports leagues sent retired stars to the Capitol on Tuesday to urge Connecticut to regulate sports gambling in a way that best preserves the integrity of professional athletics. Continue Reading →
Democrats and Republicans offered sharply contrasting spending plans for the next fiscal year. While they shared some common ground involving municipal aid and health care for the elderly and disabled, major disagreements involving labor costs, higher education and revenue stand in the way of another bipartisan budget agreement. Continue Reading →
David Pickus, president of SEIU 1199 New England, appreciates the value of the care provided to the disabled by thousands of Connecticut workers. But he’s not sure state legislators do. He’ll be finding out in a few days, he says, when he meets with state officials to determine whether they can come to wage and program funding terms that will avert a strike tentatively scheduled for next month. Continue Reading →
While Connecticut learned Friday that surging state income tax receipts now are running $1.03 billion more than anticipated — $116 million better than Thursday’s forecast — Gov. Dannel P. Malloy disclosed the state has a pretty hefty accounting problem equal to about $150 million. Continue Reading →
Democratic and Republican legislators offered competing visions for the next state budget Friday, but both effectively dipped into this spring’s unexpectedly high income-tax revenues to salvage key programs for towns and social services, drawing a sharp rebuke from Gov. Dannel P. Malloy. Continue Reading →
With revenues from a key portion of the income tax now running $915 million ahead of projections this spring, House Speaker Joe Aresimowicz said Thursday he would support using some of this potential bonanza to preserve “crucial programs” in the next state budget. Continue Reading →
If April state income tax receipts continue to grow, will legislators be tempted to abandon a new capping system that compels the state to save, rather than spend, much of these funds? Continue Reading →
House Democratic leaders tried Wednesday to jump-start stalled efforts to address the crumbling concrete foundation crisis in eastern Connecticut, joining two rank-and-file Republicans at an unusual press conference with potential implications for the last weeks of the 2018 session and the campaign for control of the General Assembly. Continue Reading →
Hartford Mayor Luke Bronin proposed the city’s first budget Monday since the state committed to retire more than $540 million of Hartford’s debt to help it avert bankruptcy, offering a $567.3 million plan that pays cash for all capital improvements. Continue Reading →
The potential for Connecticut’s hefty debt burden to remain a drain on state finances for years to come prompted one major Wall Street rating agency Friday to downgrade the state’s credit rating. Continue Reading →
The State Bond Commission approved financing Friday to provide $14 million to Infosys, an India-based information technology company developing a new training and innovation hub in Hartford as part of a major expansion in the U.S. Continue Reading →
WASHINGTON — House Republicans failed on Thursday to pass a balanced-budget amendment the GOP hoped would rebrand the GOP as the party of fiscal responsibility. Connecticut Democrats helped torpedo the effort. Continue Reading →
WASHINGTON – Pentagon spending on contracts in 2015 was $2,504 for every man, woman and child in Connecticut, more per person than in any other place except Virginia and the District of Columbia, according to a recently released report by the Pew Charitable Trusts. But a key lawmaker warned Thursday that lean years are coming for the Pentagon’s budget. Continue Reading →
A major Wall Street credit rating agency warned Wednesday that federal tax changes could undermine Connecticut cities and towns’ property tax receipts. Continue Reading →