The CT Mirror (https://ctmirror.org/category/budget-economy/page/2/)
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.”
While Democratic gubernatorial nominee Ned Lamont’s tax relief plan is less grandiose than that of GOP rival Bob Stefanowski, it still remains unclear whether Lamont can pay for that plan given the huge deficit looming in post-elections state finances. Continue Reading →
Democratic gubernatorial nominee Ned Lamont challenged his Republican rival, Bob Stefanowski, on Friday to participate in a Sept. 5 debate at the University of St. Joseph in West Hartford. Continue Reading →
WASHINGTON – The U.S. Treasury Department on Thursday issued new rules aimed at preventing taxpayers in Connecticut and other high-income and high-cost states from avoiding a new cap on the deductibility of their state and local taxes. Continue Reading →
Connecticut Democrats stepped up their campaign Tuesday to fill in the gaps of Republican gubernatorial nominee Bob Stefanowski’s promise to phase out the state income tax over eight years — arguing it would come at a steep cost to local schools, municipalities and property taxpayers. Continue Reading →
WASHINGTON – The White House on Monday agreed to provide some, but not all, of the money the state requested to help the victims of May’s severe storms and tornadoes. Continue Reading →
Gov. Dannel P. Malloy’s administration announced Monday that state finances have been running almost $138 million in the black since the fiscal year began on July 1. Continue Reading →
Connecticut lost 1,200 jobs in July but its unemployment rate remained unchanged at 4.4 percent, the state Department of Labor reported Thursday. Continue Reading →
One day after a landslide win in the Democratic gubernatorial primary, Ned Lamont began working to separate himself from Republican opponent Bob Stefanowski, another wealthy businessman who’s founded his campaign on the fiscally-questionable-yet-nonetheless-appealing pledge to eliminate Connecticut’s income tax. Continue Reading →
Faced with mandated pay hikes and surging pension costs, Connecticut’s public college and university system may need an 11 percent increase in state funding over the next two years to maintain current programs, according to a preliminary analysis from system administrators. Continue Reading →
A new Facebook ad from Republican gubernatorial candidate Mark Boughton says he would “reduce” the state income tax, prompting two opponents Friday to question whether the Danbury mayor had abandoned his pledge to phase out the tax over a decade. The Boughton campaign says nothing has changed. Continue Reading →
While all of Connecticut’s gubernatorial candidates say they want more concessions from unionized state employees, the reality is the next governor will have little leverage to force negotiations until his third year in office. So, how do you cut a state budget dominated by personnel expenses if you can’t eliminate personnel? Continue Reading →
Oak Hill, Inc., the largest nonprofit provider of human services for the state, recently trained two group home workers, only to see them jump to the competition earlier this year. The competition is the state. Continue Reading →
Gov. Dannel P. Malloy’s plan to commission a $10 million analysis on restoring tolls to Connecticut’s highways continues to provide fodder for this year’s state elections. The latest move comes from lieutenant governor candidate Sen. Joe Markley. Continue Reading →
The term “nonprofit organization” may well be misleading. Some might think nonprofits aren’t really businesses. Ah, but they are; indeed, some are large, intricate and highly regulated businesses. Like for-profit businesses, they need revenue to execute their missions. When that revenue falls off, they must make creative and/or hard-nosed business decisions. Continue Reading →
The five Republicans battling for the gubernatorial nomination had a tough time separating themselves Monday during a debate at the University of Fairfield. Continue Reading →