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.
gasoline tax
Posted inNews
Federal money for Connecticut road projects may dry up
WASHINGTON — Connecticut and most other states rely on the federal government for the lion’s share of their transportation funding. But because Congress can’t agree on how to fund federal road projects, money for the highway trust fund –financed by largely by gasoline taxes — will run out in a few weeks.
Posted inMoney, Politics
CT truckers, other motorists could find relief at the pumps this summer
Connecticut’s trucking industry will get its first break – albeit a small one — at the fuel pumps in four years this summer, according to a new rate released by the state’s tax department.
Posted inEducation, Health, Money, Politics
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.
Posted inMoney, Politics
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.