Hospital executives and the Lamont administration pulled back the curtain Friday on a proposed $1.8 billion settlement with Connecticut’s hospitals.
hospital provider tax
Posted inHealth
Special session on hospital settlement is Dec. 18
The General Assembly is convening a one-day special session next week to vote on a $1.8 billion settlement of a tax fight with the hospital industry and a revised version of a restaurant tip-credit bill vetoed in July.
Posted inMoney
Lamont presents $43 billion, two-year plan to legislators
The two-year state budget lays the groundwork for tolls, shifts more pension debt onto future taxpayers, deals another blow to hospitals, but closes a multi-billion dollar shortfall without raising the income tax.
Posted inHealth
Hospital tax poses huge challenge for first Lamont budget
One of the more difficult items on Gov. Ned Lamont’s initial to-do list is to craft a new taxing arrangement with Connecticut’s hospitals — and the stakes are huge.
Posted inMoney
Feds OK first stage of new Connecticut hospital taxing system
Connecticut received a key approval Friday for a new hospital taxing arrangement designed to draw $150 million in new federal money annually into the state’s coffers.
Posted inMoney
Hospital tax could complicate CT deficit, but income tax receipts keep rising
While Connecticut learned Friday that surging state income tax receipts now are running $1.03 billion more than anticipated — $116 million better than Thursday’s forecast — Gov. Dannel P. Malloy disclosed the state has a pretty hefty accounting problem equal to about $150 million.
Posted inMoney
Malloy signs budget bill, but there’s this one other thing…
Gov. Dannel P. Malloy signed a bill Tuesday that makes technical budget revisions he forced through a line-item veto, but he also raised a new complaint: The legislature improperly transferred a $2.9 million children’s health program to an account funded by assessments on the insurance industry.
Posted inHealth, Money, Politics
Senate passes hospital tax fix
The Senate voted unanimously Tuesday to fix a series of technical issues in the new state budget, including a flaw with the new hospital provider tax increase.
Posted inMoney
Legislators to return for limited revisions to bipartisan budget
Legislative leaders agreed Thursday to call lawmakers back to Hartford next week to revise, but not “re-litigate” the bipartisan budget passed last month, primarily by changing terms of what Gov. Dannel P. Malloy complained was a flawed hospital tax that could cost Connecticut hundreds of millions of dollars in federal Medicaid reimbursements. The session will provide a modest coda to one of Connecticut’s longest struggles to finalize a budget.
Posted inHealth, Money, Politics
Malloy suspends $140 million in payments to CT hospitals
Responding to shrinking tax revenues, Gov. Dannel P. Malloy’s administration suspended about $140 million in payments to Connecticut’s acute-care hospitals this week. The decision drew angry responses from the Connecticut Hospital Association and the legislature’s Republican minority.
Posted inHealth, Money, Politics
Revised forecast bleak: New federal data bursts CT’s economic bubble
The University of Connecticut’s economic think-tank predicted Thursday that the state’s job growth this year and next probably will stall or even decline — a dramatic reversal of its forecast of robust job growth issued just four months ago.