The Finance Committee approved bills that increase – and broaden – property and child tax credits for Connecticut residents.
John Fonfara
Posted inMoney
Policy group challenges Lamont, lawmakers to fix regressive property tax system
1,000 Friends of Connecticut recommends pumping hundreds of millions of additional dollars into cities and towns — particularly poor communities.
Posted inPolitics
Democratic lawmaker calls CT budget ‘a knee on the neck of the Black community’
Sen. Fonfara said the decision not to tap revenue to reverse inequities is a moral failure.
Posted inMoney
New CT budget has an unprecedented built-in surplus of $2.3 billion
The new, $46.4 billion, two-year state budget is expected to have plenty left over to put into the pension funds.
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Tong: Original urban investment plan would likely violate CT Constitution
Authorizing a nine-member panel to invest state tax receipts in cities likely would violate the Constitution, the attorney general says.
Posted inMoney, Politics
Progressives intensify push to aid poor, middle class as General Assembly session winds down
With two weeks left in the legislative session, progressives are making their strongest tax reform push in years.
Posted inMoney, Politics
House Democrats are preparing a compromise on urban investment program
The compromise is intended to appeal to both fiscal moderates and the party’s liberal wing.
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Finance panel eyes cap on property tax hikes, gears up for another battle over CT’s credit card
Lawmakers raised bills to cap property tax hikes, and potentially battle Gov. Ned Lamont for control of Connecticut’s borrowing.
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CT’s budget reserve on the brink of hitting unprecedented high
By the end of the new budget cycle, the state could have a $3 billion reserve, which is three times the size of the cushion it built in the early 2000s.
Posted inPolitics
TGIF: Ned Lamont had a tough week
The administration of Gov. Ned Lamont was ready to put a tumultuous week behind it Thursday night, downplaying a pointed rebuke by a legislative committee the previous day.
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Fonfara rebels at Lamont’s ‘debt diet’
With a proposal for lawmakers to seize control of the state’s credit card, a state senator is calling the governor’s “debt diet” unpalatable.
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Who pays the next CT tax hike? Democrats must answer question soon.
None of the options are good for Democrats, who must decide whether to spread additional tax pain to low and middle-income residents or ask the state’s wealthiest to pay more.
Posted inMoney, Politics
Lembo renews push for outside review of business incentives
State Comptroller Kevin P. Lembo has renewed his push to require an independent analysis of the hundreds of millions of dollars in economic incentives Connecticut provides annually to businesses.