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Senate Democrats pitch cutting business registration tax, increase tax on employee bonuses

Senate Democrats Monday proposed a package of measures to help small businesses, funded by a tax on employee bonuses over $1 million paid by companies that received federal bailout money last year. Among the proposals for small businesses: Eliminate the $250 business entity tax for small businesses, create a small business loan fund and hold […]

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State to defer $100 million in pension payments

State employee union officials said Thursday they have agreed to a plan by Gov. M. Jodi Rell’s administration to delay $100 million in contributions to their pension fund–a move that shrinks the budget deficit projected for this year, but adds to the state’s $15.8 billion in long-term, unfunded pension obligations. “It’s better than cutting spending,” […]

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Connecticut to get $40 million for New Haven-Springfield rail line

Connecticut has received a commitment of $40 million in federal stimulus funding to add double tracking to part of the New Haven-Hartford-Springfield rail line – the first step toward providing high-speed commuter rail service in the corridor. The award, to be annonced in Philadelphia today, is part of $8 billion in federal funds designatd for […]

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