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.”
 

Recent Posts

Malloy, Democrats close on budget deal

Democratic legislative leaders and Gov. Dannel P. Malloy stood on the cusp of a deal Wednesday morning to end Connecticut’s 10-week budget impasse and avert huge cuts in municipal aid three weeks from now, sources said. But a few key issues remain unresolved. The House speaker’s optimism was evident in a Facebook post: A picture of white smoke swirling from a chimney that others called premature. Continue Reading →

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For CT, strides and stumbles in quest to spur bioscience industry

Connecticut is losing more bioscience jobs than it is gaining, despite a sizable jump in research and development jobs over the last three years. Alexion’s departure is the latest in a line that has undercut bioscience growth. Nonetheless, many say New Haven is nearing a “critical mass” after years of effort by Yale and a new cluster is emerging in Farmington after more than $1 billion in state investment. Continue Reading →

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Alexion reminds Malloy of the risks and rewards of corporate aid

Gov. Dannel P. Malloy picked the gleaming new New Haven offices and labs of Alexion Pharmaceuticals a year ago to highlight the returns Connecticut was getting on its economic development investments. On Tuesday, Malloy stood outside his office to answer questions about Alexion’s plans to slash jobs, close a Rhode Island production facility and relocate its headquarters to Massachusetts, while keeping a “Research Center of Excellence” in New Haven. Continue Reading →

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Separating fact from fiction on state school aid

How the state funds public schools is so messy and complicated that dozens of parents, educators, legislators, the governor, and a Superior Court judge have characterized the setup as broken. However, some of the criticism that regularly surfaces is based on skewed perceptions of reality. Continue Reading →

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State aid: See how your town fares under Malloy’s latest budget

In the biggest change, Gov. Dannel P. Malloy on Friday offered a much more restrained redistribution of state education aid dollars from better-off communities to impoverished ones. Add all the cuts together, and overall state aid for municipalities would be cut by $198 million  – 8 percent. Continue Reading →

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Malloy would accept sales, hospital tax hikes to restore town aid

Gov. Dannel P. Malloy proposed a major increase in state taxes on hospitals to leverage federal dollars, along with a modest sales tax hike, in a compromise intended to end a budget impasse that’s in its third month and has left Connecticut as one of the last two states without a budget. Continue Reading →

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