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 vetoes ECS bill, declines to sign health measure

Gov. Dannel P. Malloy on Friday vetoed a bill that would have prohibited him or future governors  from cutting education-cost sharing grants to cities and towns as a means of addressing a budget shortfall that develops during the fiscal year. He also allowed a bill to become law without his signature, a first for the governor. Continue Reading →

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Wealthier students benefit from art, music over summer while poor kids miss out

More affluent kids are about twice as likely to visit a museum, art gallery, or historical site or see a play or concert over the summer, as compared with their peers from low-income families. That’s according to a new analysis released this month by the federal government, illustrating disparities in out-of-school experiences, which may be exacerbated by rising income inequality. Continue Reading →

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Among Connecticut cities and towns, the wealthiest are the big spenders

While Connecticut’s distressed cities often are perceived as having bloated budgets, the wealthy suburbs easily outspend their urban neighbors on a per capita basis, sometimes by margins nearing two-to-one. More importantly, shrinking state aid, a lack of revenue diversity and an over-reliance on a regressive property tax system threaten to widen tremendous disparities that already exist between Connecticut’s poorest and richest communities. Second in a series. Continue Reading →

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Already deep in debt, Connecticut struggles with extremes of wealth and income

The growing gap between Connecticut’s richest and poorest citizens, which already outstrips that in most other states, has widened dramatically since the last recession. While only the most affluent households improved their standing, the rest lost ground. How to address this inequality and a crushing state debt at the same time will be at the core of Connecticut’s political debate for years to come. First in a series. Continue Reading →

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Malloy to open sports betting talks with tribes

Gov. Dannel P. Malloy said Tuesday he will try to resolve who has rights to sports gambling — the tribal owners of the state’s two casinos, licensed off-track betting parlors or other vendors chosen by the state, or a mix of the two — before calling the General Assembly into special session to consider legalizing wagering on sports. Continue Reading →

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Connecticut’s attempt to safeguard federal deductions may draw IRS heat

WASHINGTON – Fairfield First Selectman Mike Tetreau hopes to take advantage of a new state law aimed at blunting the impact on his town’s residents of a new cap on certain federal tax deductions. But the bold step the state has taken may face push-back from the IRS. Continue Reading →

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Supreme Court prompts state to reconsider sports gambling

WASHINGTON — The Supreme Court on Monday cleared the way for supporters of the legalization of sports betting in Connecticut to make another attempt to authorize this type of gambling in the state, prompting Gov. Dannel P. Malloy and House Speaker Joe Aresimowicz to say they would support a special legislative session to revisit the issue.
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Regents: Extra state funds not a cure-all for a system in crisis

A last-minute boost in state funding won’t stave off a looming fiscal crisis for Connecticut’s public colleges and universities, the Board of Regents for Higher Education reported Thursday. Continue Reading →

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