The CT Mirror (https://ctmirror.org/tag/connecticut-state-budget/)
State Comptroller Kevin P. Lembo agreed Monday with Gov. Dannel P. Malloy’s administration that Connecticut could be poised to bolster its budget reserves significantly for a second consecutive year. Continue Reading →
Here are the contenders, in chronological order, for the largest state tax hike of the past three decades. Continue Reading →
Gov. Dannel P. Malloy may be enjoying more economic good fortune during his last year in office than he did in the first seven years combined. State income tax receipts tied to Wall Street continue to surge, potentially leaving Connecticut with $2 billion in reserves 12 months from now. Continue Reading →
With big budget deficits looming large, Connecticut’s next governor will be hard pressed to deliver a package of tax cuts legislators already have approved and scheduled to begin after the November election. Continue Reading →
Next month Connecticut will post its largest emergency budget reserve in a decade. But Connecticut only ranks in the middle of all states when it comes to amassing a fiscal cushion against the next economic downturn. Continue Reading →
Gov. Dannel P. Malloy’s administration announced Monday that state finances have been running almost $138 million in the black since the fiscal year began on July 1. Continue Reading →
Faced with mandated pay hikes and surging pension costs, Connecticut’s public college and university system may need an 11 percent increase in state funding over the next two years to maintain current programs, according to a preliminary analysis from system administrators. Continue Reading →
While all of Connecticut’s gubernatorial candidates say they want more concessions from unionized state employees, the reality is the next governor will have little leverage to force negotiations until his third year in office. So, how do you cut a state budget dominated by personnel expenses if you can’t eliminate personnel? Continue Reading →
It is a time of reckoning for Connecticut’s private, nonprofit social services. After two decades of flat or reduced funding from its chief client — state government — community-based agencies are struggling to retain both their programs and the low-paid staff who deliver care for thousands of poor, disabled and mentally-ill adults and children. Continue Reading →
A new panel is exploring how Connecticut can use state assets — both physical properties and revenue streams — to mitigate pension costs expected to surge dramatically over the next 15 years. Continue Reading →
Connecticut and most other states need to be cautious about their rapidly increasing reliance on cigarette and other volatile “sin” taxes, according to a new report from Pew Charitable Trusts. Continue Reading →
Gov. Dannel P. Malloy ordered state agencies Tuesday to develop a comprehensive, $10 million study of electronic tolling that would examine pricing, locations, and the potential to capture revenue from out-of-state motorists. Continue Reading →
After three consecutive years of draining its emergency reserves, state government is on pace to deposit nearly $780 million in its rainy day fund. Continue Reading →
Republican legislative leaders are balking at the governor’s plans to cut $2 million from an elderly nutrition program. The governor must find $21.5 million in savings in the General Fund once the new fiscal year gets underway on Sunday. Continue Reading →
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 →