The governor’s reversal comes one day after the state’s deputy budget director, who oversaw the program, retired under a cloud.
Connecticut state budget
Posted inMoney
CT revenues surge by hundreds of millions of dollars
The surge will make it much easier for officials to balance the budget without tax hikes.
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Big variables cloud upcoming CT budget debate
Another potential wave of federal stimulus, a complex spending cap and other variables cloud the next Connecticut budget debate.
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Lawmakers expect lean budget from Lamont. But how lean will it be?
Is Lamont dressing Connecticut in a budget that is adequate during a pandemic but fits like a strait-jacket afterward?
Posted inMoney, Politics
Progressive legislators to Lamont: Tax the rich and expand support for poor and middle-class
Thirty Democrats challenged Gov. Lamont to tax the rich to help those most hurt by the pandemic.
Posted inGovernment, Health, Money
CT budget panel leaders pledge to reverse years of eroding funds for social service safety nets
State spending for nonprofits has grown by about 10% over about two decades. With inflation, nonprofits say they lost money.
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Lamont sets the stage for a debate on marijuana taxation by mid-2022
The governor’s draft bill proposes taxing marijuana and erasing convictions for possession that occurred prior to Oct. 1, 2015.
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Are Lamont and his fellow Democrats headed for a showdown over tax reform?
Gov. Ned Lamont says tax hikes on the wealthy will cause them to flee Connecticut. Other Democrats are challenging that.
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House Democrats ready to expand borrowing to protect state programs amid pandemic
With state finances deep in debt, House Democrats want to increase borrowing to take advantage of low interest rates.
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Lawmakers eye higher ed, nonprofits for state bailout as COVID continues
Lawmakers say the state should help programs, like higher education, beset by the COVID pandemic. Will the governor agree?
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Surging tax receipts take a huge chunk out of state’s projected budget deficit
The improved fiscal picture increases the likelihood Gov. Ned Lamont can avert major tax hikes next spring.
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Lamont’s plan to close $2B deficit could be to tap CT’s $3B rainy day fund
Don’t expect to see Gov. Ned Lamont propose big tax hikes or huge spending cuts to close a $2B deficit.
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Lamont tells CT agencies to prep deep cost cuts for next budget
Gov. Ned Lamont has directed agencies to find ways to cut spending by 10% or more in the next budget.
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Lamont is guarding reserves for recession to come. Critics say he’s prioritizing austerity over COVID response
The governor has been withholding use of state money for pandemic relief in fear it will run out too soon.
Posted inHealth, Justice, Politics
Lamont, Democratic lawmakers, have different visions to rebalance CT’s finances amid crises
It is becoming clear the business-sensitive governor and his more liberal base are headed in opposite directions.