The projections, much rosier than initially predicted, sparked renewed calls from lawmakers for more state spending to combat the pandemic.
The next Connecticut income tax debate is heating up — but not at the Capitol.
While state analysts struggle with economic uncertainty, they concede Connecticut’s vaunted budget reserve could be gone a year from now.
The proposal to boost Connecticut’s minimum wage could put nursing homes and home-care providers in a squeeze.
WASHINGTON – Pentagon spending on contracts in 2015 was $2,504 for every man, woman and child in Connecticut, more per person than in any other place except Virginia and the District of Columbia, according to a recently released report by the Pew Charitable Trusts. But a key lawmaker warned Thursday that lean years are coming for the Pentagon’s budget.
Television economic commentator Larry Kudlow, who lives in Redding, said he had just finished playing tennis Sunday when he received a phone call from President Donald Trump, the first of a number of 30- or 40-minute calls that led to Kudlow’s appointment as Trump’s chief economics adviser.
A bipartisan group of lawmakers is pushing for a new fee to ensure state parks stay open, staffed and maintained despite the state budget crisis. The fee, which proponents want to set at $10, would be collected along with auto registration fees.
With just two weeks left in the 2015 General Assembly session, the principals in final state budget negotiations acknowledged Wednesday that little progress has been made as the June 3 deadline looms large.
Gov. Dannel P. Malloy delivered a message Thursday aimed at dissuading legislators from trying to circumvent a spending cap that Malloy says is a barrier to raising taxes or significantly restoring cuts in his proposed budget for the next biennium.
State Comptroller Kevin P. Lembo agreed Wednesday with nonpartisan analysts that the budget deficit is worse than Gov. Dannel P. Malloy administration is projecting. But while Lembo also urged the governor and legislature “proceed without delay” to reduce the shortfall, his $172.8 million deficit forecast falls just short of the level that would compel the governor to prepare a deficit-mitigation plan.
This is Part One in a weekly series focusing on Connecticut’s five gubernatorial candidates and their respective plans for reinvigorating the state’s economy and closing a $1.4 billion budget deficit projected for after the election. Part One features an interview with Republican John P. McKinney.
The economy may be improving, but Connecticut leaders better not count on a return to the ‘boom-boom’ years of the 1980s and ’90s.