Gov. Dannel P. Malloy used his line-item veto to reject a new taxing arrangement on hospitals, but signed into law the bulk of a new, two-year state budget negotiated without direct input from his administration.
2017 State Budget
Posted inMoney
CT towns to feel credit crunch even with a new state budget
Despite legislative approval of a bipartisan state budget, a major Wall Street credit rating agency warned Friday municipalities still will struggle to get affordable credit.
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House sends veto-proof, bipartisan budget to Malloy
With the final flourish of a veto-proof margin, the House of Representatives voted Thursday to give final legislative passage to an overdue, bipartisan budget crafted without the direct involvement of Gov. Dannel P. Malloy.
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After 117-day marathon, Senate passes bipartisan budget
The Senate took a major step early Thursday toward ending Connecticut’s nearly 17-week budget impasse, overwhelmingly adopting a $41.3 billion, two-year plan that closes huge deficits without raising income or sales tax rates, imposes modest cuts on local aid, and provides emergency assistance to keep Hartford out of bankruptcy.
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Funds for XL Center, crumbling foundations in $3.5B bond package
Legislators authorized new borrowing to assist homeowners in eastern Connecticut with crumbling foundations, to upgrade the XL Center in Hartford and to complement a new taxing arrangement with the state’s hospital industry.
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On eve of budget vote, Malloy still in the dark
Not only has Gov. Dannel P. Malloy been shut out of bipartisan budget talks for three weeks, it’s become clear that the governor and his staff will have little opportunity to review or push for changes in a final budget bill before it is debated Wednesday by the Senate.
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Leaders finish changes to tentative CT budget deal
State legislative leaders announced early Tuesday morning they finally had finished adjustments on the tentative, bipartisan state budget deal, and that it would be ready for a vote later this week.
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Car tax repeal hits a snag, tentative CT budget still unbalanced
Updated at 6:40 p.m.
Senate Democratic leaders hinted Monday that plans to eliminate property taxes on motor vehicles next year as part of a new state budget would be scaled back or scrapped altogether — just two business days after legislative leaders announced the initiative.
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Malloy criticizes budget outline; Fasano calls him ‘irrelevant’
The syncopated rollout of the General Assembly’s bipartisan budget deal got a harshly skeptical review Friday from Gov. Dannel P. Malloy, who either will be the final arbiter of what legislative leaders say will be a satisfactory ending to Connecticut’s long-running budget drama — or just a loud voice from the balcony.
Posted inEnergy & Environment, Money
Tentative budget raids CT electric bills, diverts clean energy funds
The tentative state budget deal would strip as much as $175 million from clean energy funds, tapping surcharges on monthly utility bills and raiding a program lauded for leveraging hundreds of millions of dollars in private investments.
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House leaders have different takes on fate of tentative CT budget
Democratic and Republican House leaders briefed rank-and-file lawmakers Thursday on the details of the tentative, bipartisan state budget deal announced the day before — and emerged with very different perspectives.
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New budget might end property tax on vehicles
State legislative leaders are strongly considering eliminating local property taxes on motor vehicles in the state budget they hope to adopt next week.
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Hartford must restructure debt to get state help to avert bankruptcy
Hartford would have to restructure its debt to get the state aid it needs to avert bankruptcy, but Connecticut would help make those debt payments — at least for the next two years.
Posted inMoney, Politics
Bipartisan budget would ask more from teachers, working poor and smokers
Sources say Republican leaders agreed to raise taxes as part of the bipartisan budget framework announced Wednesday, with several of the new levies hitting what traditionally have been seen as Democratic constituencies, including the working poor and smokers.
Posted inMoney, Politics
Legislators announce tentative, bipartisan budget deal
State legislative leaders declared Wednesday they had crafted the framework of a bipartisan deal to end Connecticut’s 110-day budget impasse. But while they insisted the plan balances net finances for this fiscal year and next, some key details, including distribution of town aid, remain to be resolved.