The expanded earned income tax credit would save families about $211 per year on average and make CT’s EITC rate among the highest.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inCT Mirror Explains, Money
LIHEAP can help CT families cover energy costs. How is it funded and who qualifies?
LIHEAP helps low-income families pay for winter heating and other energy costs. Here’s an overview of the program and its eligibility requirements.
Posted inPolitics
Democrats to Lamont: Ease fiscal restraints for CT schools’ sake
Lamont wants to keep fiscal ‘guardrails’ in place, but legislators see a way to increase education funding with savings from the revenue cap.
Posted inMoney
CT tax cuts are likely, but fierce debate expected over who benefits
CT’s fiscally moderate Democratic Gov. Ned Lamont may find more allies among Republicans when it comes to proposals to cut taxes.
Posted inMoney
CT essential worker relief payments will be issued starting Feb. 1
CT will begin issuing pandemic bonuses to private-sector workers on Feb. 1. More than 150,000 essential workers will receive payments.
Posted inCT Mirror Explains, Money
Connecticut’s gas tax is returning incrementally. What’s going on?
CT’s 25-cents-per-gallon gas tax was suspended in March 2022 due to rising fuel prices. As of Jan. 1, the state is gradually restoring it.
Posted inMoney
CT nonprofits want $482 million funding boost
CT social service providers, after years of underfunding, have sights set on the budget surplus to fix understaffing and other issues.
Posted inMoney
New CT state police contract offers raises to boost recruitment
A new contract could boost wages for CT state police nearly 10% in its first year as Connecticut tries to reverse a recruitment crisis.
Posted inMoney
Lamont proposes tax cut for small and mid-sized businesses
Lamont will propose to cut the pass-through entity tax as part of the budget plan he will deliver to the General Assembly on Feb. 8.
Posted inMoney
CT Port Authority is likely to ask for more money for State Pier
Last year, CT Port Authority promised that taxpayers would not need to contribute any more money to the New London State Pier redevelopment.
Posted inMoney
CT tax receipts surge as Lamont prepares new tax-cutting plan
Projections for state tax receipts increased again, pushing the current fiscal year’s surplus beyond $3 billion, according to a new report.
Posted inMoney
Even with gas tax holiday, CT’s transportation coffers are flush
CT Republicans want tax cuts, but labor and business say the sluggish highway building program threatens the state’s economic future.
Posted inEconomic Development
Sema4 settles up with CT after relocating labs out of the state
Sema4, now known as GeneDx, has paid back $2 million of a $15.5M state loan and agreed to a reduction in how much the state would forgive.
Posted inMoney
CT government can spend more as inflation soars. But should it?
CT legislators are eyeing more funds for child care, municipal aid and education as inflation has increased how much the state can spend.
Posted inMoney
Lamont wants lawmakers to keep CT budget guardrails in place
CT’s strong financial situation has led to to calls for tax cuts or more spending or both. Gov. Lamont wants to keep the safeguards in place.