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

Lamont’s property tax plan faces steep obstacles at outset

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 →

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Democrats line up to take a swing at Stefanowski’s tax pledge

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 →

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With primary over, Lamont tries to define himself and Stefanowski

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 →

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Merged public college system needs major boost in state funds

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 →

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Opponents parse ‘reduce’ vs. ‘phase out’ in Boughton’s tax ad

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 →

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Despite no leverage, candidates promise labor concessions

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 →

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After years of cuts, nonprofits struggle to survive

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 →

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