The CT Mirror (https://ctmirror.org/tag/connecticut-state-budget/)
While Democrats and Republicans both want to blunt the looming roll-back of a program that helps disabled and low-income elderly in Connecticut pay for medical care, their plans will still cut off tens of thousands who’ve come to rely on it. Continue Reading →
Democrats and Republicans offered sharply contrasting spending plans for the next fiscal year. While they shared some common ground involving municipal aid and health care for the elderly and disabled, major disagreements involving labor costs, higher education and revenue stand in the way of another bipartisan budget agreement. Continue Reading →
Democratic and Republican legislators offered competing visions for the next state budget Friday, but both effectively dipped into this spring’s unexpectedly high income-tax revenues to salvage key programs for towns and social services, drawing a sharp rebuke from Gov. Dannel P. Malloy. Continue Reading →
With revenues from a key portion of the income tax now running $915 million ahead of projections this spring, House Speaker Joe Aresimowicz said Thursday he would support using some of this potential bonanza to preserve “crucial programs” in the next state budget. Continue Reading →
If April state income tax receipts continue to grow, will legislators be tempted to abandon a new capping system that compels the state to save, rather than spend, much of these funds? Continue Reading →
The potential for Connecticut’s hefty debt burden to remain a drain on state finances for years to come prompted one major Wall Street rating agency Friday to downgrade the state’s credit rating. Continue Reading →
The top Democrat in the House of Representatives asked his Republican counterparts Tuesday to abandon their longstanding practice of issuing a GOP budget this spring. But House Minority Leader Themis Klarides, R-Derby, said Republicans won’t forfeit their option to bring their fiscal proposals directly to the public. Continue Reading →
Neither of the state legislature’s budget-writing panels put forth plans last week that help to eliminate significant deficits in the current fiscal year, or for the budget that begins July 1. Continue Reading →
For the second consecutive year, the legislature’s Appropriations Committee will not recommend a new budget before its deadline. But Democratic and Republican leaders from the House and Senate said lawmakers will continue working between now and the session’s end on May 9 to close a projected shortfall in the fiscal year that begins July 1. Continue Reading →
With last year’s failure to recommend a new budget still fresh in their minds, the leaders of the legislature’s Appropriations Committee were uncertain this week whether they could avoid a repeat. Continue Reading →
A new state plan to pay off nearly $550 million of Hartford’s bonded debt led some legislators Wednesday to consider reducing other forms of aid to the capital city. Continue Reading →
With 10 days left before Connecticut enters the final quarter of the fiscal year, the legislature still has not addressed a significant deficit that leaders pledged to tackle four months ago. Continue Reading →
After facing Connecticut’s third nor’easter in less than two weeks, municipalities are reminding state officials that strained local snow removal budgets badly need overdue state aid. But the prospects for immediate release of the stalled $30 million in Town Aid Road grants seem dim. Continue Reading →
While the administration has not refused to release the Town Aid Roads grant payments, it has warned that funding could be stalled until legislators stabilize a state transportation program headed for insolvency by next fiscal year. Continue Reading →
A coalition of legislators and energy-efficiency advocates pledged Tuesday to work to restore at least some of the roughly $175 million stripped from green programs in the new two-year state budget. But none identified offsetting spending cuts or revenue increases. Continue Reading →