With almost $7 billion in budget reserves, CT legislators are waiting impatiently for Gov. Ned Lamont to agree on a child tax credit.
2022 State Budget
Posted inMoney
An unusual event: CT legislature to vote on raises for state workers
Top legislative leaders announced they expect to wrap voting on a major new package of raises and bonuses for state employees by week’s end.
Posted inMoney
Budget panel endorses raises, bonuses for CT state workers
The Appropriations Committee endorsed raises and bonuses that would boost compensation for most state employees by 7% this year.
Posted inMoney
Budget panel braces for intense hearing on CT employee raises and bonuses
The Appropriations Committee hearing will address an issue that has polarized the General Assembly, labor and taxpayer advocacy groups.
Posted inMoney
Report: State workers’ raises would cost almost $1.9 billion over four years
The package, which would force CT to draw almost $300 million from its reserves, is expected to come under fire from Republican lawmakers.
Posted inMoney
Lamont urges lawmakers not to overreach on tax cuts
Gov. Ned Lamont advised lawmakers to “follow the rules of the road” by sticking with budgetary safety net they established in 2017.
Posted inMoney
Tax relief expected to dominate CT legislature’s budget plan this week
Lawmakers are expected to endorse income tax cuts for the working poor and middle class, as well as a new child tax credit.
Posted inMoney
One year’s CT budget surplus could top entire rainy day fund
State officials are feeling the pressure to share CT’s swelling budget reserves with struggling households and businesses.
Posted inMoney
Best, or worst, of times? The battle to frame CT’s finances is underway
As elections near, the battle to frame CT’s financial situation — as the best of times or the worst of times — is expected to intensify.
Posted inMoney
CT state workers to get $3,500 in bonuses under tentative deal with Lamont
The tentative deals are “strong agreements” that “will proudly be reported” to the rank-and-file for ratification, according to SEBAC.
Posted inMoney
Democrats vow to continue tax relief for CT’s working poor
Democratic leaders want permanent tax relief for CT’s working poor. The governor isn’t convinced.
Posted inMoney
House GOP ups the ante in tax-cutting debate
House Republicans focus for 2022 is centered on cutting taxes and securing an independent probe of state contracting practices.
Posted inCities & Towns
See how your town could fare in Gov. Lamont’s proposed budget
Connecticut towns would receive about $2.85 billion in statutory formula grants in the upcoming fiscal year under Gov. Ned Lamont’s plan.
Posted inEducation
Lamont budget would help towns improve school air quality
After initial reluctance, Gov. Ned Lamont’s administration is warming to the prospect of helping towns improve air quality in schools.
Posted inMoney
Lamont goes big with re-election budget
Gov. Ned Lamont proposed a state budget that funds a middle-class property tax relief program and makes major new investments in many areas.