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A rainy day fund beckons, but Lamont insists on fiscal reforms

Ned Lamont’s biggest challenge as governor is likely to be devising and then selling fellow Democrats in the General Assembly on the “structural changes” he says are necessary to break Connecticut’s cycle of chronic budget deficits. Continue Reading →

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House adopts controversial state budget

Connecticut’s long-running budget drama began drawing to a close early Wednesday as the House of Representatives adopted a $40.3 billion, two-year package that largely restores deep cuts to social services and expands municipal aid while bolstering tax revenues by almost $2 billion. Continue Reading →

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Defying Malloy, legislators pitch a $1.8 billion revenue increase

A key legislative panel broke Wednesday with Gov. Dannel P. Malloy by recommending a plan that bolsters state tax and fee receipts by more than $1.8 billion over the next two fiscal years, including more than $540 million in new income taxes on the wealthy and an overhaul of the sales tax. Continue Reading →

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Panel: Empower towns to raise revenue, control special ed costs

Expanding municipal taxation options, encouraging communities to share costs regionally and reforming special education topped House Speaker J. Brendan Sharkey’s new plan Thursday to bolster local and state budgets. Continue Reading →

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