In-depth journalism.
In your home state.
In your inbox.

Sign up for CT Mirror's free daily briefings.

Processing…
Success! You're on the list.
Posted inMoney, Politics

Malloy offers modest tax breaks for retired CT teachers, consumers

Gov. Dannel P. Malloy proposed a second round of tax cuts Friday, including a new income tax break for retired teachers that could provide a strategic edge in his re-election bid.

The governor also backed a sales tax exemption for non-prescription medications, an insurance premium break for cities and towns, extending a credit for business investors and a two-day state park fee holiday.

These breaks, worth about $52 million in the fiscal year that begins July 1, would be in addition to the $155 million sales and gasoline tax rebate Malloy unveiled Thursday.