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. Continue Reading →
Feds OK first stage of new Connecticut hospital taxing system
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hospital provider tax
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Hospital tax could complicate CT deficit, but income tax receipts keep rising
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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. Continue Reading →
Filed under: Budget/Economy, Health Care, hospital provider tax
Malloy signs budget bill, but there’s this one other thing…
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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. Continue Reading →
Filed under: Budget/Economy, 2017budget, hospital provider tax
Senate passes hospital tax fix
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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. Continue Reading →
Filed under: Budget/Economy, Health Care, Politics, budget2017, CHA, Connecticut Hospital Association, hospital provider tax, Medicaid
Legislators to return for limited revisions to bipartisan budget
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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. Continue Reading →
Filed under: Budget/Economy, hospital provider tax
Malloy suspends $140 million in payments to CT hospitals
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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. Continue Reading →
Filed under: Budget/Economy, Health Care, Politics, CHA, Connecticut Hospital Association, Connecticut state budget, Dannel P. Malloy, hospital provider tax
Revised forecast bleak: New federal data bursts CT’s economic bubble
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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. Continue Reading →