Gov. Ned Lamont says his tax relief plan is the largest in CT history, yet it’s a tiny share of the government’s current financial windfall.
Money
Stories about the state budget, the federal budget, economic development, jobs and employment, transportation, state investments, and casinos.
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Lawmakers direct Lamont: Save less, fill vacant state jobs
The new CT state budget limits Lamont’s ability to save money once the fiscal year is underway to encourage filling of more vacant state jobs.
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Senate adopts ‘humane’ budget that cuts taxes, looks beyond pandemic
The Senate voted 24-12, largely along party lines, to adopt the package, which now heads to Gov. Ned Lamont, who is expected to sign it.
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Analysts: CT could cut taxes $1 billion more within federal rules
Senate Minority Leader Kevin Kelly said an estimate from the Office of Fiscal Analysis vindicates the GOP’s calls for bigger tax cuts.
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Forecast says CT’s ‘fiscal cliff’ will be gone when pandemic aid expires
New projections show state finances will be in the black even after federal pandemic relief is gone in 2025.
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House adopts one of the largest tax cuts in CT history
The budget positions Connecticut to make an unprecedented $3.5 billion supplemental payment against its massive pension debt.
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CT legislators package unclaimed property reform into budget bill
The state treasurer had hoped to return smaller sums to individuals even if they didn’t file a claim, but the new bill would complicate that.
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Money keeps pouring into CT’s coffers; This year’s surplus now $4.8 billion
CT legislators awoke to good news Monday as they prepared to debate a new budget: an extra $856 million in tax receipts.
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Businesses, essential workers come up short in final CT budget deal
The state budget, which could be adopted Monday, includes no major bailouts for businesses or essential private workers hurt by the pandemic.
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One out of six CT government jobs is vacant as workers keep leaving
With nearly 4,000 CT state workers having retired or planning to in the first half of this year, 17% of most Executive Branch jobs are vacant.
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House balks at proposal to privatize delinquent tax collection
Legislators want more information next year from Gov. Ned Lamont’s administration on its plan to sell CT tax debt.
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CT budget deal includes $600M in tax cuts, extends gas tax holiday
Gov. Ned Lamont and legislative leaders have agreed on a new $24 billion state budget that features nearly $600 million in tax cuts.
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Lamont, legislators on the cusp of a new CT budget deal
Legislative leaders and Gov. Ned Lamont’s administration have offered compromises, and debate and a vote could be as soon as this weekend.
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Senate gives final approval to raises, bonuses for CT state employees
The Democratic-controlled Senate voted 22-13 along party lines to approve the contracts, which cover about 46,000 workers.
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Social service agencies see big raises for unions and ask: Why not us?
As state budget talks wind down, CT nonprofits ask why a $72 million proposal to help their industry, which employs 115,000, is bogged down.