Posted inMoney, Politics

Fate of budget uncertain as Senate agrees to attempt passage

On the second try to pass a compromise budget, the House Democratic leadership was counting Friday on the evenly divided Senate, where three conservative Democrats have been in open revolt, to pass the bill first and increase pressure on recalcitrant House members to fall in line. But the trio remained uncommitted to the budget at 1 p.m., and the House lacked a firm majority.

Posted inNews

Compromise budget deal collapses as midnight approaches

A compromise to end Connecticut’s summer-long budget impasse dramatically unraveled Thursday night as House Speaker Joe Aresimowicz, D-Berlin, brusquely acknowledged to reporters he was postponing a vote after a day of cajoling reluctant Democrats. Early today, Senate and House Democrats said they would make another attempt this afternoon and evening.

Posted inNews

Unhappy with credit-freeze fees after Equifax breach? So is attorney general

Updated Sept. 15 at 3:15 p.m.
Consumers looking to protect themselves from identity theft following a massive data breach of credit report provider Equifax could face fees, thanks to a decade-old state law that has similar counterparts in many other states. Connecticut Attorney General George Jepsen thinks Equifax should be on the hook for those fees.

Posted inMoney

Budget to be balanced by broad package of fees, taxes

The proposed solution to the Connecticut budget impasse would break new ground, raising revenue with taxes and fees on seasonal homes, cell phones and fantasy sports gambling as part of a broad package of increases expected to raise $1.53 billion across this fiscal year and next combined. The package was endorsed Thursday by a key committee, a prelude to action by the full General Assembly.

Posted inMoney, Politics

Malloy, Democrats close on budget deal

Democratic legislative leaders and Gov. Dannel P. Malloy stood on the cusp of a deal Wednesday morning to end Connecticut’s 10-week budget impasse and avert huge cuts in municipal aid three weeks from now, sources said. But a few key issues remain unresolved. The House speaker’s optimism was evident in a Facebook post: A picture of white smoke swirling from a chimney that others called premature.

Gift this article