The extra penny will come on each dollar spent on popsicles, doughnuts and bagels, pizza slices, hot dogs, smoothies, power bars, popcorn, and even pre-packaged bags of lettuce and spinach.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inMoney
Fight over nursing home funding intensifies
The fate of nine financially troubled Connecticut nursing homes could hinge on the answer to one key question. Did state legislators know their approval of a new budget last fall would trigger immediate cutbacks in state aid to homes with large vacancy rates?
Posted inMoney
Lamont keeps a tight hold on CT’s credit card absent a deal with legislature
The governor released an agenda for State Bond Commission meeting that recommends about $400 million in new financing.
Posted inJustice
CT joins multi-state investigation into Google
Attorney General William Tong and his fellow attorneys general say Google threatens competition and hurts consumers and business.
Posted inMoney
Businesses wary of 2020 as confidence in CT legislators drops to all-time low
Eight out of 10 Connecticut companies say the business climate is declining, according to the CBIA. One reason is concern about the state’s new paid FMLA law and minimum wage hike.
Posted inMoney
State employee OT is up, but salary costs are lower than a decade ago
The Malloy administration’s push to reduce the Executive Branch workforce is a factor in both the rise in OT costs and the decrease in salary expenses.
Posted inMoney
Lembo urges caution despite $126M budget surplus
In his first budget forecast of the new fiscal year, Comptroller Kevin P. Lembo warned Tuesday that the $126 million projected budget surplus isn’t all good news.
Posted inEducation
Lawmakers balk at OKing executive pay, budget for education partnership — via mail
The Partnership for CT board was asked to unanimously approve a tentative budget, nearly $250,000 in executive compensation, and various operating procedures before it has even met.
Posted inMoney
CCM says its property tax analysis contained flawed data
A Connecticut Conference of Municipalities report highlighting rising property taxes across much of the state contained a major factual error, CCM announced Tuesday. But while Monday’s report exaggerated the total number of communities that raised property taxes, its conclusion — that roughly 60% of municipalities not experiencing revaluation raised taxes in 2019 — was accurate.
Posted inMoney
CCM: Most CT cities and towns increased property taxes this year
Nearly 60% of CT cities and towns increased property taxes this year, with most of those tax hikes outpacing the rate of inflation.
Posted inMoney
Bibles but not text books: Trump tariff winners and losers
President Donald Trump’s aggressive trade brinksmanship has split the American economy into new castes of winners and losers, with few consistent criteria defining who ends up in which group — as illustrated by the $2 billion in products that won recent exemptions from a new round of China tariffs.
Posted inEducation
Questions raised about lack of transparency in Dalio partnership at ‘town hall’ meeting
The Connecticut Parents Union held a town hall meeting Tuesday to raise awareness about the lack of transparency in state government.
Posted inMoney
Lamont’s family fight with Dems over borrowing priorities
On this issue, Republicans are ready to back the Democratic governor.
Posted inMoney
New report shows recreational marijuana revenue volatile in many states
While Connecticut opted not to legalize and tax recreational marijuana sales this year, many lawmakers saw the pot market as a revenue source that could rake in tens of millions of dollars annually for the state’s coffers. But a new analysis by Pew Charitable Trusts found that states with legalized pot sales are struggling to predict how much they can haul in on an annual basis.
Posted inMoney
Connecticut consumers enjoy 19th sales-tax-free week starting Sunday
Connecticut consumers will enjoy their annual weeklong break from paying sales tax on clothing and footwear starting Sunday.