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Posted inNews

Rell’s latest budget plan includes new tax, “raid” on next year’s revenues

After repeatedly declaring that more taxes won’t solve the state’s budget problems, Gov. M. Jodi Rell Monday proposed reinstating a tax on hospital earnings as well as raiding the next fiscal year’s revenues as part of a plan to close a half-billion-dollar budget shortfall. Rell’s second deficit mitigation plan of 2009-2010 would strip nearly $220 […]

Posted inNews

Blumenthal, Alpert meet in Democratic Senate debate: Is “incrementalism” a four-letter word?

At a televised U.S. Senate debate Monday night, Merrick Alpert took the stage as an underdog trying to hook Democratic primary voters with calls for universal health care, diplomatic relations with Cuba and the U.S. withdrawal from Afghanistan. Attorney General Richard Blumenthal, already ordained by pollsters and party regulars as the Democratic candidate-in-waiting, responded with […]

Posted inNews

Connecticut joins effort to increase college graduation rates

Connecticut has joined 16 other states in a national alliance to reverse a discouraging downward trend in the percentage of young people earning college degrees, Gov. M. Jodi Rell announced today. The states have joined Complete College America, a Washington, D.C.-based nonprofit organization that will assist states in setting goals for graduation rates, monitoring progress, […]

Posted inNews

Another blow for campaign reform

Gov. M. Jodi Rell’s latest deficit-mitigation plan would take $12 million from the Citizens’ Election Program, possibly leaving the system of publicly financing campaigns with insufficient funds for the 2010 elections, advocates said Tuesday. Surprised legislators said Rell’s proposal to take money from the fund undermines efforts by an administration-led working group to formulate changes […]

Posted inNews

House speaker is a budget optimist despite dismal economic forecasts

Economists say Connecticut will continue to lose jobs for another two years. His own analysts are predicting that the next governor and legislature will face a $3.8 billion deficit, an astonishing 20 percent hole in the state budget. But House Speaker Christopher G. Donovan is bullish on Connecticut’s economy. In speeches to skeptical business groups […]

Posted inNews

Bipartisan effort to regulate banks’ handling of foreclosures

Frustration with how big banks handle foreclosures has united Democrats and Republicans behind a bill intended to force financial institutions to work with mortgage holders. Banks frequently fail to designate a contact person on foreclosures, leaving homeowners to repeatedly begin the process of working out their troubled loans, legislators said. “This is a much-needed measure,” […]

Posted inNews

Democratic jobs bill targets bonuses, but legality, effectiveness questioned

A bill backed by 19 Senate Democrats would tap “excessive” executive bonuses to support job creation in the state, backers told a legislative committee Monday. But critics, including legislative Republicans and the business community, said there are significant constitutional questions about the measure, and the added tax would drive businesses out of state. “Do not […]

Posted inNews

From millionaires to lottery players, everybody’s a revenue target when the state is in the red

Fed up with telemarketing calls? The next one could help Connecticut pay its bills. Looking to buy a used gun?  The state might get in the business of selling weapons seized by the police. And if you’re not paying your fair share of taxes-at least in the state’s view-lots of folks in Hartford are thinking […]