The CT Mirror (https://ctmirror.org/tag/connecticut-state-budget/)
Connecticut’s new secretary of the Office of Policy and Management, Melissa McCaw, must help Gov.-elect Ned Lamont craft a long-term solution to a state fiscal crisis seven decades in the making. It’s a challenge she relishes, and that for which many say she is particularly well-suited. Continue Reading →
Social services advocates warned Thursday that a series of new caps in the state budget could dramatically drain resources away from municipalities, education and services for children over the next decade. Continue Reading →
Out of the $2 billion in pension payments Connecticut will make this year, the average is $38,212 and the largest is more than $322,000 for a retired University of Connecticut Health Center professor. Continue Reading →
Senate Minority Leader Len Fasano on Tuesday named outgoing Rep. Melissa H. Ziobron of East Haddam, who lost a Senate race last month, as the new budget director for the Senate Republican Caucus. Continue Reading →
State Comptroller Kevin P. Lembo confirmed Monday that a recent surge in projected income tax receipts has left the current budget on pace for closing with roughly a $250 million surplus. Continue Reading →
Gov.-elect Ned Lamont must decide whether to spend hundreds of thousands of dollars to study whether Connecticut can save $1 billion annually simply by making government more efficient. Continue Reading →
Ned Lamont’s biggest challenge as governor is likely to be devising and then selling fellow Democrats in the General Assembly on the “structural changes” he says are necessary to break Connecticut’s cycle of chronic budget deficits. Continue Reading →
Despite a 12-month surge in state tax receipts, Gov. Dannel P. Malloy’s budget office warned Thursday that Connecticut’s pension obligations and other debt will grow faster than revenues in the coming years. Continue Reading →
Gov. Dannel P. Malloy outlined a compromise path Thursday that would allow Gov.-elect Ned Lamont to modestly tap Connecticut’s reserves to avoid tax hikes — and still leave a sizable fiscal cushion to guard against the next recession. Continue Reading →
State tax revenue projections surged again Tuesday, shrinking the projected shortfall in the upcoming two-year budget — and leaving Connecticut with nearly $2.1 billion in reserves to combat it. Continue Reading →
Despite their biggest gains in a decade, majority Democrats in the General Assembly have almost no margin for error if they hope to solve Connecticut’s next budget crisis without Republican votes. Continue Reading →
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 →