While the call for tax reform gains momentum, major proposals cannot get past a governor who is focused paying down CT’s huge pension debt.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inMoney
Can CT make big debt payments while boosting towns, services?
If CT can’t find the right balance between paying down debt and supporting towns and public services, deficits are coming, analysts say.
Posted inMoney
Lamont orders $300 grocery gift cards for residents losing SNAP
CT will provide the benefit to an estimated 25,000 residents who’ve lost federal nutrition assistance. Cards will be distributed by August.
Posted inHuman Services
All eyes on Lamont as CT’s hunger crisis worsens
Advocates are increasingly impatient with Gov. Ned Lamont’s response to a worsening hunger crisis in the wake of cuts to SNAP.
Posted inMoney
Higher gas prices could strain CT’s transportation rebuild plans
Certain gasoline and sales tax receipts could “soften” this summer if prices remain elevated or turn worse in the coming months.
Posted inMoney
Surging gas prices shine spotlight on CT’s fuel taxes
A tax cap has been mitigating pain at the pumps since March, but recent price hikes have some ready to revisit Connecticut’s fuel tax system.
Posted inEducation
Lamont noncommittal on federal scholarship tax credit after NY moves to join
Under the program, donors to scholarship granting organizations receive the full donation amount back—up to $1700—as a federal tax credit.
Posted inMoney
New CT budget sets Lamont’s legacy as he seeks 3rd term
As he runs for a third term, a piece of Gov. Ned Lamont’s legacy already is established: He’s reduced CT’s debt at unmatched speed and scale.
Posted inMoney
Lawmakers solve town aid riddle on third try
The General Assembly OK’d a bill clarifying that towns could reopen their budgets to use increased state aid to reduce local property taxes.
Posted inMoney, Politics
CT Senate pulls all-nighter, rearranging budget and passing gun bill
The Senate stayed overnight to pass a gun control bill and legislation that makes millions in revisions to the state’s already-adopted budget.
Posted inHuman Services
Advocates press Lamont to aid thousands losing food benefits
Anti-hunger advocates are focused on Gov. Ned Lamont in their push to intensify aid for residents who have lost federal nutrition benefits.
Posted inMoney
CT legislature adopts $28B budget with big aid for towns, childcare
The CT legislature adopted a $28.1 billion budget Saturday that orders big new investments in municipal aid and affordable childcare.
Posted inMoney
CT is much stronger fiscally as it tip-toes over spending cap
To bolster local schools, Gov. Ned Lamont and the General Assembly will exceed CT’s spending cap in a fashion not seen in nearly two decades.
Posted inMoney
Last-minute revenue surge makes path to new CT budget easier
Analysts estimate that surging income tax receipts and other revenue would add about $580 million to CT’s coffers this fiscal year and next.
Posted inMoney
Can CT be more affordable without major tax cuts?
Democratic leaders say town aid and child care investments will pay big dividends, even without tax rebates or a child tax credit.
