The choice is between investing in the economy or spending federal aid on state and municipal budgets.
Fred Carstensen
Posted inMoney
Pew report: CT still lagging most states in personal income growth
Connecticut lagged most of the nation in personal growth during the pandemic, according to a national think-tank.
Posted inMoney
How one small detail in the proposed child tax credit reveals the political balancing act over tax relief
With limited dollars available, state officials struggle to balance proposed tax relief between the middle class and working poor.
Posted inMoney
CT residents brace for a lump of coal in their stockings
The latest U.S. Census survey shows fears of lost income that experts say could shatter Connecticut’s already-fragile economy in 2021.
Posted inEconomic Development
CT economy will struggle until at least 2030 to recover from COVID, UConn report warns
The UConn think tank also said state has hurt itself by failing to make investments in information technology.
Posted inMoney
While CT’s reserves rise, Wall Street compensation shrinks
While Connecticut budget reserves just hit a new high, one of the driving forces behind that accomplishment may be cooling down.
Posted inMoney
Is CT’s slowing job growth a sign of something worse?
Connecticut’s job growth, according to one key metric, has slowed to its lowest level since the last recession ended.
Posted inMoney
Economists divide on how deeply state layoffs wound economy
Ongoing state employee layoffs are expected to wipe out one-sixth of the job growth Connecticut enjoyed last year. Economists agree these job cuts will harm the economy, but divided over the long-term impact and the alternatives.
Posted inMoney, Politics
Some bright spots in CT’s sluggish economy
WASHINGTON — There are bright spots in Connecticut’s sluggish economy, even as Connecticut’s key manufacturing sector has lagged, a recent federal report says.
Posted inCT Viewpoints
Casualties of Connecticut’s new budget: hospital services, access, and jobs
The new state budget is not finalized, yet the effect of taxing and underfunding hospitals is already being felt in the starkest terms: people are losing access to care, services, and jobs. This past week alone saw the announcements of clinic closings and hundreds of layoffs. If legislators do not restore much-needed funding to hospitals in the special session during the last week of June, hospitals will have to make additional painful choices. We can’t let this happen.
Posted inNews
High-income CT sends U.S. more in taxes than it gets back
WASHINGTON – When it comes to federal dollars, is it better for Connecticut residents to give or to receive? It depends on who you ask. Connecticut is among about 14 states receiving less in federal dollars than its residents pay in federal taxes.
Posted inMoney, Politics
Connecticut gears up for 15th annual sales-tax-free week
Connecticut consumers will look to save an estimated $7- $9 million starting Sunday and running through Saturday, Aug. 23, as the state offers its 15th annual sales-tax-free week.
Posted inMoney, Politics
For Malloy, much rides on April 15
While procrastinators hope for big refunds and scramble to beat Tuesday’s tax-filing deadline, the person with the most riding on those returns is Gov. Dannel P. Malloy.
Posted inEducation
They may have a college degree, but does that lead to a job?
Two legislative committees have approved a bill that would require the state’s public colleges and the departments of Labor and Education to implement a system to track information on student employment once they graduate from Connecticut public colleges and universities.
Posted inMoney
Economists: Connecticut must lean less on Wall Street
The economy may be improving, but Connecticut leaders better not count on a return to the ‘boom-boom’ years of the 1980s and ’90s.