Connecticut’s transportation program has been riddled for more than a decade by broken funding promises from both political parties.
petroleum products gross receipts tax
Posted inMoney
Broken promises to fund transportation defined last 15 years
Connecticut’s transportation program has been riddled for more than a decade by broken funding promises from both political parties.
Posted inMoney
Gasoline taxes are on the rise — just not in CT
Connecticut hasn’t raised gasoline taxes in six years, but motorists crossing the border during this long holiday weekend still could face rising prices at the pump.
Posted inMoney
Transportation funding options: tolls and gas and sales tax hikes
A state panel is recommending restoring tolls to Connecticut highways, raising sales and gasoline taxes, and taking other steps to finance a 30-year transportation program – but Gov. Dannel P. Malloy said Thursday he would propose none of the revenue-raising proposals in the new budget he will give legislators in three weeks.
Posted inMoney, Politics
Transportation financing precarious despite new revenue
Despite the recent infusion of sales tax receipts, Connecticut’s transportation program could be in deficit by mid-2018, according to nonpartisan analysts. And while Gov. Dannel P. Malloy’s administration believes the Special Transportation Fund will remain in the black through 2020 — albeit by a razor-thin margin — nonpartisan analysts cite several problems, including surging debt and pension costs and downgraded expectations for fuel tax revenues.