municipal aid

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Malloy would cut local aid deeply to offset eroding CT tax receipts

Gov. Dannel P. Malloy has recommended more than $700 million in cuts to municipal aid to help compensate for a $1.5 billion projected decline in state income tax receipts over the next two years. Continue Reading →

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No one wants a share of CT’s teacher pension bill

Municipalities and hospitals both fear the new cost burdens they would assume in Gov. Dannel P. Malloy’s budget would grow quickly as state retirement benefit costs surge in the coming years. Continue Reading →

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Malloy: Pension bills for CT towns part of a larger plan

The shift of $400 million in teacher pension costs onto municipalities is part of a much larger plan not only to close a significant projected state deficit, but also to address long-ignored inequities in municipal funding, the governor said. More details of that plan are expected today. Continue Reading →

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Union concessions still key focal point in a time of hard tradeoffs

With Gov. Dannel P. Malloy’s proposal less than seven weeks away, his budget director warned that unless unions grant further concessions, avoiding major tax hikes likely would require significant cuts to municipal aid, social services, higher education — and more layoffs. Continue Reading →

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Malloy signs CT budget but trims town aid to offset prison costs

Gov. Dannel P. Malloy showed legislators Thursday there was a fiscal price to be paid for rejecting his anti-recidivism proposals. The governor signed the legislature’s $19.76 billion budget for 2016-17 into law, but only after using the rarely employed line-item veto to cancel more than $22 million earmarked for municipalities, health clinics and the Connecticut Humanities Council. Continue Reading →

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Nonpartisan analysts: Tentative CT budget wipes away lots of red ink

The tentative plan to close a $1 billion hole in Connecticut’s finances starting July 1 also would wipe away more than 40 percent of the red ink threatening state government after the November elections, nonpartisan fiscal analysts reported Tuesday evening. Continue Reading →

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Down to the wire on chances for a regular-session CT budget

Updated at 10:30 p.m.
Chances of a state budget deal before the legislative session ends Wednesday could hinge on whether negotiations – sparked by Gov. Dannel P. Malloy’s new budget proposal – bear fruit overnight Monday into Tuesday. Continue Reading →

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Legislators send Malloy an invitation and a proposed fiscal plan

A week after suspending budget talks with the administration, the Democratic leaders of the General Assembly offered an olive branch and a proposal for a new fiscal plan Thursday to Gov. Dannel P. Malloy. Continue Reading →

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GOP budget plan: Slash agency budgets, cut bonding drastically

Leaders insist their blueprint would close massive future deficits without tax hikes. To do that, though, the GOP minorities in the House and Senate would dilute the two big initiatives Gov. Dannel P. Malloy and the Democratic majority launched last June: a 30-year investment in transportation and a plan to share sales tax receipts with cities and towns. Continue Reading →

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