Connecticut and three other states continued their battle Tuesday against federal income tax changes that punish states which voted against Donald Trump in the 2016 presidential election.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inHealth
Legislators looking to expand PTSD benefits to more emergency responders
The move to expand PTSD benefits comes just one year after lawmakers reached a landmark compromise to cover police and firefighters.
Posted inTransportation
Lamont, legislators to reopen transportation talks today
Legislative leaders are going to the Executive Residence today to talk to Gov. Ned Lamont about the prospects of passing a transportation financing bill in special session.
Posted inEducation, Money, Politics
Partisan politics or efficiency? Lamont’s plans for school building program sparks debate
A plan from Gov. Ned Lamont’s administration to shift oversight of municipal school construction process into the governor’s budget office has upset some lawmakers.
Posted inPolitics
Debunking Connecticut’s enduring tax myth
There’s an oft-told tale about the income tax. And it’s completely false.
Posted inMoney
Wooden: Spending reserves would weaken investor confidence in CT
Spending state budget reserves to bolster transportation could undermine Connecticut’s readiness for the next recession, weaken investor confidence and increase borrowing costs, the treasurer warned.
Posted inMoney
Some lawmakers want to raid the rainy day fund. Not so fast, analysts say.
Nonpartisan analysts reminded lawmakers Wednesday that the next recession could be right around the corner.
Posted inMoney
Lamont’s dedication to reserves stems from debts heaped on Malloy
Gov. Ned Lamont is looking to the past as he weighs a GOP plan to raid the rainy day fund to jumpstart the state’s cash-starved transportation program.
Posted inTransportation
House Democrats counter with trucks-only tolls
House Democrats recycled a campaign proposal made and abandoned by Gov. Ned Lamont: Trucks-only tolls.
Posted inMoney
Nonprofits say philanthropy alone can’t save services
Frustration with Gov. Ned Lamont, who won’t give struggling nonprofits money from the state $2.5 billion reserve, surged after he urged them to ask more from wealthy donors.
Posted inTransportation
Senate GOP’s no-tolls alternative relies on rainy day fund
The Senate GOP alternative to tolls is creative, but requires depleting two-thirds of the state’s budget reserves.
Posted inMoney
Analysts: State revenues holding firm, plastic bag fees are down
While the overall revenue drop could create the first deficit of Gov. Ned Lamont’s young administration, in reality, finances for this fiscal year remain more than $300 million in the black.
Posted inEconomic Development
CCM tries to get a little louder on property tax relief
After watching state aid erode over the past decade, Connecticut municipalities hope to appeal directly to voters to order property tax relief.
Posted inEconomic Development, Money, Transportation
Legislature will revisit missteps of port authority
State lawmakers will revisit the past fiscal and ethical woes of the Connecticut Port Authority next month in an effort to ensure they aren’t repeated.
Posted inMoney
Charges of secrecy, sniping follow health care savings initiative
The Senate’s top Republican is accusing the governor and his supporters of blocking scrutiny of their health care deliberations.