Gov. Dannel P. Malloy announced Thursday he would ease proposed municipal aid cuts and other cost-shifts onto cities and towns by nearly $775 million in an effort to end the state budget standoff that has extended 10 weeks into the new fiscal year.
2017 State Budget
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Bronin: Hartford faces insolvency within 60 days
Hartford Mayor Luke Bronin warned Gov. Dannel P. Malloy and the legislature Thursday that the capital city is at risk of insolvency within 60 days, absent the additional funding it would receive under a new state budget.
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Malloy offers big compromise to end CT budget gridlock
Gov. Dannel P. Malloy has offered a major compromise to end the state budget standoff, scaling back his proposed shift of teacher pension costs to cities and towns by half.
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No CT budget deal yet as another target date nears
With rank-and-file state legislators still slated to return to the Capitol next week — potentially to adopt a new state budget — legislative leaders said Tuesday there talks still haven’t yielded consensus.
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House plan would cut aid based on municipalities’ wealth
House Democratic leadership has a new plan to redistribute reduced non-education grants to cities and towns largely on the basis of wealth.
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Town leaders fight back against budget cost shifts
Municipal leaders pushed back Wednesday against Gov. Dannel P. Malloy’s proposals to shift costs onto cities and towns.
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Higher income taxes for CT’s wealthy may still be in play
Increasing taxes on the wealthy — a solution in several state budget crises — seemed off the table this year. But the discussion may not be over yet, despite Gov. Dannel P. Malloy’s strong opposition.
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Budget debate: It’s not how much, but what kind of revenue to raise
Gov. Dannel P. Malloy has been sparring with his fellow Democrats in the House of Representatives over how much new tax and fee revenue should be raised for the budget. But the real debate is over what type of revenue should be raised — not how much.
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Malloy defends his track record on aiding cities and towns
Gov. Dannel P. Malloy tried to defend his efforts to shift more costs onto cities and towns Thursday, releasing a report asserting that municipal aid has grown 21 percent over the last five years.
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Coalition presses officials to reconsider taxing the rich
Advocates for social services, labor and municipalities appealed Wednesday for legislators and Gov. Dannel P. Malloy to consider higher income taxes on the wealthy, tolls, a sales tax expansion and other revenue hikes to avert deep budget cuts.
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Legislators to propose new budget plans to break gridlock
With the state budget standoff nearing two months, Democrats and Republican legislative leaders announced plans Tuesday to unveil revised budget proposals soon.
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It’s official: CT finances in deficit after seven weeks with no budget
Just over seven weeks into the new fiscal year without an approved budget, state finances — not surprisingly — are running $94 million in deficit, Gov. Dannel P. Malloy’s administration reported Monday.
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Fasano asks AG for opinion on Malloy’s shift in town aid
Senate Republican leader Len Fasano has asked Attorney General George Jepsen to issue an opinion on the legality of Gov. Dannel P. Malloy’s executive order dramatically realigning municipal aid in the absence of a new state budget.
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Many states, like CT, have low budget reserves, income growth
While Connecticut is one of just two states still lacking a budget, it has plenty of company involving two of the key factors that complicate its fiscal challenges. But it ranks close to the bottom in both: the health of its rainy day fund and income growth.
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Malloy would reduce, dramatically redistribute school aid in October
Gov. Dannel P. Malloy would reduce grants to school districts by 28 percent in October — if no state budget has been adopted — and would dramatically shift funding away from wealthy and middle-income communities and into poorer ones.