gasoline tax

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Transportation funding options: tolls and gas and sales tax hikes

A state panel is recommending restoring tolls to Connecticut highways, raising sales and gasoline taxes, and taking other steps to finance a 30-year transportation program – but Gov. Dannel P. Malloy said Thursday he would propose none of the revenue-raising proposals in the new budget he will give legislators in three weeks. Continue Reading →

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Transportation financing precarious despite new revenue

Despite the recent infusion of sales tax receipts, Connecticut’s transportation program could be in deficit by mid-2018, according to nonpartisan analysts. And while Gov. Dannel P. Malloy’s administration believes the Special Transportation Fund will remain in the black through 2020 — albeit by a razor-thin margin — nonpartisan analysts cite several problems, including surging debt and pension costs and downgraded expectations for fuel tax revenues. Continue Reading →

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Even transportation panel’s homework sets off a partisan furor

The group studying how to fund a 30-year transportation improvement program in Connecticut knows there are few options – if any – that won’t spark controversy. But the state’s Transportation Finance Panel watched that challenge expand significantly after its research became the focal point of an intensifying partisan battle among state legislative leaders. Continue Reading →

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Blumenthal: Inaction on highway bill could ‘devastate’ plans to fix CT roads

WASHINGTON – Congress faces a looming deadline to approve a highway bill if it wants to keep federal transportation dollars from slowing to a trickle in a few weeks, but there’s no consensus on what to do. To press the GOP to action, Sen. Richard Blumenthal and other Democrats unveiled a plan Thursday. Continue Reading →

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Murphy presses again for gasoline tax hike to shore up highway fund

WASHINGTON – Sen. Chris Murphy, in partnership with Republican Sen. Bob Corker of Tennessee, has renewed a push for their proposal to raise the gasoline tax to shore up a transportation fund that will soon run out of money, threatening road and bridge projects in Connecticut and elsewhere across the nation. Continue Reading →

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With ‘lockboxes’ for toll receipts, there are lots of ways to pick the lock

Though Gov. Dannel P. Malloy would consider restoring tolls if Connecticut creates a legal “lockbox” to ensure receipts are spent on transportation, other states’ have struggled to keep their “boxes” locked. And because Connecticut’s transportation program relies on many sources for funding, guarantees to protect toll receipts might mean little if other sources are diverted. Continue Reading →

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Improving transportation in Connecticut: A decade of slow going

This year the state expects to rake in 40 percent more at the pumps, between wholesale and retail fuel taxes, than it did a decade ago. The transportation network hasn’t made similar progress. First of a three-day series. Continue Reading →

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Malloy offers lean $19 billion re-election year budget

Updated at 2:02 p.m.: Gov. Dannel P. Malloy offered a $19 billion budget Wednesday that — among many other proposals — would give tax breaks to middle-income households, consumers and towns while limiting spending growth to just under 3 percent. Continue Reading →

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Malloy promises $155 million in tax relief

Derby – Gov. Dannel P. Malloy said Thursday he would use the $506 million projected surplus to beef up the state’s fiscal reserves, pay down pension obligations and provide modest tax relief.

Malloy, a first-term Democrat facing re-election this year, chose a blue-collar, Naugatuck Valley community to announce that if legislators approve his plan, the state would be sending out checks of $55 to single filers and $110 to couples. Continue Reading →

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