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.”
Gov. Dannel P. Malloy asked legislators to consider nearly $320 million in revenue increases to mitigate the massive cuts he would be forced to impose if Connecticut enters the new fiscal year Saturday without a budget. Continue Reading →
A tentative concessions framework between Gov. Dannel P. Malloy and state employee unions took a step forward Monday with the news that all bargaining units have agreed to submit the proposed concessions to a vote by rank-and-file members. Ballots are expected to be cast in mid- or late July. Continue Reading →
A prolonged state budget fight inevitably would force cuts both to town aid and to social services for the most vulnerable, even though those programs would be prioritized, Gov. Dannel P. Malloy’s budget director said. Continue Reading →
Gov. Dannel P. Malloy is maintaining his commitment to fully fund Medicaid reimbursements to Planned Parenthood in Connecticut if the federal government ends its financial support as part of the Republican plan to dramatically reshape the Affordable Care Act, a spokeswoman said. Continue Reading →
As legislators struggle to find enough spending cuts to offset a major projected deficit, House Democrats continue to talk about increasing one of the state’s two major taxes — the sales levy. Continue Reading →
Gov. Dannel P. Malloy had a warning Thursday for legislators considering enacting a temporary budget to guide state finances after July 1 in lieu of the real thing. Do it right or don’t do it at all. Continue Reading →
While Gov. Dannel P. Malloy laid out his principles Wednesday on how government should be managed absent a new budget on July 1, legislators are talking about enacting their own temporary fiscal blueprint. Continue Reading →
The Connecticut Conference of Municipalities is pressing state officials to deliver a budget that protects cities and towns, unveiling a television commercial Monday that suggests the legislature’s inaction could cost people their homes. Continue Reading →
STAMFORD — Ted Taylor settled onto an upholstered leather bench in an unfinished booth at the new Bobby Valentine’s restaurant and sports bar, the Connecticut Gold Coast’s introduction to a plusher version of what’s been a shrinking, down-market gambling niche — off-tracking betting. His company, Sportech, is investing in a gambling market under pressure from increased competition both in and outside the state. Continue Reading →
The jobs report released Thursday showed Connecticut’s unemployment rate in May was 4.9 percent, unchanged since April and four-tenths of a point lower than a year ago. The state had a net gain of 6,700 jobs, a gain partially offset by revised numbers showing a loss of 3,100 jobs in April, nearly double the loss originally reported. Continue Reading →
With just 15 days left in the outgoing fiscal year — and a $2.3 billion deficit looming after that — gridlocked legislators’ inability to adopt a new budget has huge repercussions across a wide spectrum. Big question marks hang over some social services for children, the poor and disabled, as well as aid to cities and towns. Continue Reading →
Advocates for people with disabilities called Wednesday for maintaining current services to the disabled by broadening the sales tax to increase revenue rather than making the drastic cuts proposed in Gov. Dannel P. Malloy’s budget. Continue Reading →
Talks between Gov. Dannel P. Malloy and legislative leaders are growing testy as Connecticut inches closer to a June 30 deadline to craft a budget for the next two fiscal years. “My gut reaction is we’re going to get past July 1” without a budget, Senate Republican President Pro Tem Len Fasano said. Continue Reading →
In the current struggle to craft a state budget, Gov. Dannel P. Malloy, at a news conference Thursday, did not give any direction to state lawmakers beyond threatening to veto the existing Democratic and Republican proposals. He declined to state specific proposals that would qualify as “make-or-break” issues for him. His would-be replacements on the Democratic side were not as hesitant when we caught up with them Saturday night. Continue Reading →
At a May 22 town hall meeting on Hartford’s dire budget situation, a resident urged Mayor Luke Bronin not to file for bankruptcy, saying it would be a “death knell” for the city. Would it? Continue Reading →