Though state government is awash in cash, a fiscal cliff looms that could intensify a growing tax fairness debate.
2022 State Budget
Posted inPolitics
Democratic lawmaker calls CT budget ‘a knee on the neck of the Black community’
Sen. Fonfara said the decision not to tap revenue to reverse inequities is a moral failure.
Posted inMoney
House approves $1.5 billion, five-year urban investment initiative
The House of Representatives overwhelmingly approved a new, $1.5 billion, five-year investment program in Connecticut’s poorest cities and towns.
Posted inMoney
House adopts $46B budget that avoids tax hikes
The House approved a new budget early Wednesday that avoids tax hikes and invests in municipalities and social services.
Posted inMoney
Legislature passes highway usage tax on large commercial trucks
The legislature approved a new usage tax on large commercial trucks to bolster Connecticut’s rebuild of its transportation network.
Posted inMoney
New CT budget has an unprecedented built-in surplus of $2.3 billion
The new, $46.4 billion, two-year state budget is expected to have plenty left over to put into the pension funds.
Posted inMoney
Reform advocates make final push for relief for CT’s poor and middle class
One legislator has pitched a number of options to salvage tax cuts to the working poor and families with children.
Posted inMoney
With three days left in legislative session, the rush is on to get bills passed
The House could vote on the budget today. A key senator is pushing for a Senate vote on legalizing marijuana.
Posted inMoney
Lamont, top lawmakers closer to budget deal after key compromises
Gov. Ned Lamont and legislative leaders say they could have a deal on a new state budget by Monday.
Posted inMoney
Lamont digs in as CT budget talks remain in gridlock
Gov. Ned Lamont insisted he wouldn’t sign a new state budget that subverts the spending cap or borrows excessively.
Posted inMoney
CT budget talks stuck on borrowing for cities, spending cap workaround
The House inched closer Thursday toward a Saturday budget vote — even as negotiations with Gov. Ned Lamont stalled.
Posted inMoney
Nearing a budget deal, Lamont, Democratic leaders compromise on taxes
The new state budget will include tax cuts for low- and middle-income families, but the latter must wait until 2024.
Posted inMoney
CT budget talks bog down near the finish line over town aid, spending cap
Negotiations over a new state budget have stalled over increasing aid to towns — and maneuvering around the spending cap.
Posted inMoney
Tax break for CT’s working poor has strong support in budget talks
An income tax break for the working poor seems to have a reserved spot in the next state budget.
Posted inMoney, Politics
Progressives intensify push to aid poor, middle class as General Assembly session winds down
With two weeks left in the legislative session, progressives are making their strongest tax reform push in years.