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

See how your town fares in the governor’s budget

Gov. Dannel P. Malloy’s proposed budget for 2018-19 aims to redistribute education funding more aggressively to the state’s lowest-performing school districts than is currently budgeted. Overall state municipal aid would be cut by about $97 million, or 4 percent. Continue Reading →

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Malloy offers strategies to counter federal tax changes

Gov. Dannel P. Malloy recommended two measures Monday aimed at protecting Connecticut households and businesses that may face higher federal taxes under the plan passed recently by Congress. One would allow municipalities to create charitable organizations to support local services, offering property tax credits in exchange. Continue Reading →

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Malloy would cancel hospital tax cut, but again tighten Medicare program eligibility

Gov. Dannel P. Malloy’s new budget would cancel a planned tax reduction for Connecticut’s hospitals two years from now to help reduce big deficits down the road. The governor’s proposal falso would leave in place new eligibility restrictions lawmakers ordered last fall for the popular Medicare Savings Plan. Continue Reading →

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Malloy pushes legislature for election-year budget cuts, tax hikes

Unveiling his final budget proposal two days early, Gov. Dannel P. Malloy challenged legislators Monday to take politically difficult steps to close modest deficits in the current, two-year budget and mitigate larger shortfalls looming after the November elections. Continue Reading →

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CT, NY and NJ to sue over tax changes that hit blue states

The Democratic governors of Connecticut, New York and New Jersey said Friday they will file a lawsuit challenging the constitutionality of new federal income tax laws restricting state and local tax deductions, a change that primarily falls on a dozen states that voted against President Trump in 2016. “Somebody has to stand up and say, ‘Not at this time. You can’t do this. It is fundamentally unfair and illegal,” Gov. Dannel P. Malloy said. Continue Reading →

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Wall Street firm: CT schools ruling helps state, hurts cities

A major Wall Street rating agency said the recent Connecticut Supreme Court ruling that the state provides at least a minimally adequate education in all school districts is a “credit positive” for state government, but a “negative” for its largest cities. Continue Reading →

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