With a budget centered on middle-class tax relief largely finalized Thursday, protesters were still demanding more spending on wages.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inMoney
CT budget vote likely to run into final week of legislative session
Lawmakers are unlikely to vote on CT budget before next week, but leaders remain optimistic a bipartisan deal will be enacted by June 7.
Posted inMoney
A CT budget crisis is ‘on the horizon,’ legislators warn
With just over a week to go before CT’s legislative session ends, some say the state’s spending cap is setting up the next budget to fail.
Posted inMoney
CT union calls group home strike while pay demands look unlikely
SEIU 1199 went on strike at CT group homes hours before politicians urged the industry to brace for a funding hike short of its demands.
Posted inPolitics
Connecticut leaders tout ‘turnaround’ at investors conference
Gov. Ned Lamont, Treasurer Erick Russell and lawmakers pitched Connecticutās born-again faith in fiscal discipline to investors Tuesday
Posted inMoney
CT must reform its pension investments now, Republicans say
A recent analysis from Yale concluded that poor pension fund investments have cost CT tens of billions of dollars over the past decade.
Posted inMoney
What is CT’s Baby Bonds program? Here’s what to know
CT’s Baby Bonds program is a first-of-its kind statewide policy that would set aside funds for kids born into poverty to access as adults.
Posted inMoney
CT budget deal approaches, but the bottom line is blurry
House speaker Matt Ritter said a $300 million buffer could bolster underfunded programs. Gov. Ned Lamont and Republicans don’t agree.
Posted inMoney
Union to strike at group homes serving 1,500 disabled clients
More than 1,700 members of SEIU 1199NE seeking a ‘pathway to $25/hour’ are set to strike May 24 against six agencies that run group homes.
Posted inMoney
‘Baby Bonds’ for youths in poverty salvaged after compromise
CT’s Baby Bonds program could launch in July after Treasurer Erick Russell and Gov. Ned Lamont reached deal to avoid millions in interest.
Posted inMoney
Next CT budget will hinge on Lamont’s ability to find big savings
A bipartisan deal on a CT budget, including the first income tax rate cut in decades, could come by the end of the week, leaders said.
Posted inMoney
New CT debt report offers sobering look at state finances
An analysis shows CT’s health care program for retired state workers, by one metric, was the fifth-worst funded among all states in 2019.
Posted inMoney
CT Senate GOP budget plan calls for $750M in annual tax relief
The CT Senate Republicans’ proposal is centered on an income tax cut and relies heavily on freezing vacant positions across state government.
Posted inMoney
House GOP budget plan ups the ante on CT tax-cutting proposals
CT House Republicans unveiled a $50.7 billion budget plan for the next two fiscal years, centered on $700 million per year in tax relief.
Posted inMoney
CT remains on pace for big surplus, but revenue begins to slow
CT will see the second-largest budget surplus in its history, but investment-related income tax receipts have begun to pull back.