Connecticut received a key approval Friday for a new hospital taxing arrangement designed to draw $150 million in new federal money annually into the state’s coffers. Continue Reading →
Feds OK first stage of new Connecticut hospital taxing system
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Connecticut state budget
Recent Posts
Malloy veto of education funding bill likely will stand
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Legislative leaders are leaning against attempting to override Gov. Dannel P. Malloy’s latest veto. The reason: they included what effectively amounts to duplicate language in a second bill the governor already has signed. Continue Reading →
Filed under: Budget/Economy, K-12, Politics, Schools/Child Welfare, Connecticut state budget, lapse, municipal aid, veto
Connecticut ‘locks’ into new budgetary restraints in three weeks
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In less than three weeks state government will contractually bind itself to a new series of budgetary controls for the next five years despite numerous warnings the maneuver could cause fiscal chaos. Continue Reading →
Filed under: Budget/Economy, bond lock, bonding, bonding cap, Connecticut state budget, revenue cap, spending cap, volatility cap
Regents: Extra state funds not a cure-all for a system in crisis
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A last-minute boost in state funding won’t stave off a looming fiscal crisis for Connecticut’s public colleges and universities, the Board of Regents for Higher Education reported Thursday. Continue Reading →
Filed under: Budget/Economy, Higher Education, Board of Regents for Higher Education, Connecticut state budget, Connecticut State Colleges and Universities, CSCU, fringe rate, Mark Ojakian
Legislature overwhelmingly enacts bipartisan CT budget
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The legislature overwhelmingly approved a new state budget shortly before their midnight deadline Wednesday that restores aid for towns; reverses health care cuts for the elderly, poor and disabled; and defers a transportation crisis — at least for another year. Continue Reading →
Filed under: Budget/Economy, Health Care, Labor, Politics, Regional Planning, Schools/Child Welfare, Transportation, Connecticut state budget
Collective bargaining, not money, dominates this budget fight
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Connecticut’s legislative leaders struggled into the early morning Wednesday in negotiations to resolve what may be the state’s strangest budget fight: It’s not about money. Continue Reading →
Filed under: Budget/Economy, Economic Development, Health Care, Labor, Politics, AFL-CIO, Connecticut state budget, SEBAC
Bill to limit Hartford bailout faces opposition — from other cities
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A compromise measure to effectively end the state’s fiscal bailout of Hartford after five years has stalled in the House — because of opposition from Bridgeport and New Haven. Continue Reading →
Filed under: Budget/Economy, Politics, Urban Development, Bridgeport, Connecticut state budget, Hartford bailout, New Haven
Surging revenues ease pressure on CT’s credit card
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Robust spring tax receipts have largely resolved a problem with the state’s credit card, sparing lawmakers from having to cancel hundreds of millions of dollars in planned capital projects. Continue Reading →
Filed under: Budget/Economy, Connecticut state budget, debt limit, Hartford bailout
Aiming for bipartisan deal, Dems add funds for seniors, towns
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Trying to avoid a repeat of last year when conservative Democrats defected to support a Republican state budget, Democratic legislative leaders unveiled several proposals Monday aimed at striking a bipartisan compromise. The plan restores funds for municipal aid and for a medication assistance program for seniors and the disabled. Continue Reading →
Filed under: Budget/Economy, Health Care, Politics, Schools/Child Welfare, Connecticut state budget, HUSKY, HUSKY A, Medicare Savings Program
Senate adopts bill to end Hartford bailout after five years
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The Senate overwhelmingly approved a bipartisan compromise measure to effectively end the state’s fiscal bailout of Hartford after five years. Continue Reading →
Filed under: Budget/Economy, Urban Development, Connecticut state budget, Hartford bailout
House leaders won’t block GOP bid to limit Hartford bailout
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One day after Connecticut approved a five-year fiscal recovery plan for Hartford, House Democratic leaders said they wouldn’t block a Republican proposal to effectively end the state bailout of the capital city after the upcoming fiscal year. Continue Reading →
Filed under: Budget/Economy, Politics, Connecticut state budget, Hartford bailout
Bridgeport casino, Hartford debt aid complicate CT budget talks
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With just five days left in the legislative session, a stubborn wrinkle is complicating efforts to craft a new state budget: regional politics. Continue Reading →
Filed under: Budget/Economy, Economic Development, Politics, Urban Development, Bridgeport, casino gambling, Connecticut state budget, Hartford bailout
GOP offers compromise CT budget, taps tax windfall to bolster key programs
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In a major move toward a bipartisan budget compromise, Republican legislators recommended more funding for social services, higher education, transportation and municipalities — and agreed to help pay for them by tapping about $300 million of this spring’s income tax windfall. Continue Reading →
Filed under: Budget/Economy, Politics, Connecticut state budget, income tax, municipal aid, pension funds, Republican budget
Dems reach out to Malloy as budget talks with GOP prove elusive
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Updated at 6:30 p.m.
Saying Republican legislators are dragging their feet on budget talks, Democratic legislative leaders tried to re-kindle negotiations Tuesday with Gov. Dannel P. Malloy and explore crafting a budget without the GOP. Continue Reading →
Filed under: Budget/Economy, Politics, Connecticut state budget, income tax, Joe Aresimowicz
House unanimously confirms Robinson as chief justice
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The House of Representatives acted quickly and unanimously Monday to confirm Richard A. Robinson as chief justice of the Connecticut Supreme Court, but Republicans pledged to oppose every new trial judge recently nominated by Gov. Dannel P. Malloy as unnecessary and unaffordable. Continue Reading →