State government wrapped up the fiscal year with a $121.3 million surplus, according to unofficial numbers released Tuesday by Gov. Dannel P. Malloy’s administration. But one of the governor’s chief rivals insists the surplus wouldn’t exist had Malloy not used borrowing to defer hundreds of millions of dollars in operating costs until after the election.
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Most states faced plunging income tax receipts this April
Gov. Dannel P. Malloy took a political blow this April when plunging income tax receipts nixed his plans for an election-year rebate. But according to a new report from a nationally recognized public-policy, think-tank, Connecticut officials had lots of company nationally dealing with tax deadline chaos.
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Malloy gives up on tax rebate, citing declining revenues
Citing declining state revenue projections, Gov. Dannel P. Malloy gave up Monday on two of his biggest re-election year budget initiatives: a $55-per-person rebate and a supplemental payment into the state employees’ pension fund.
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Top Democratic lawmaker: Malloy rebate plan may have to be reduced
One of the top Democrats in the Senate conceded Thursday that Gov. Dannel P. Malloy’s rebate program might need to be scaled back if disappointing tax revenue projections don’t improve soon.
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Malloy’s election-year tax cuts face big test this week
With his campaign announcement out of the way, the governor faces a big election-year test this week when a legislative panel decides whether to back his controversial tax rebate plan.
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CT budget chief: GOP business tax cut ‘worth considering’
Gov. Dannel P. Malloy’s budget chief left the door open Thursday for the administration to support a House Republican initiative to provide $60 million in tax relief to small businesses.
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Malloy continues undeclared re-election bid
Gov. Dannel P. Malloy stopped just short on Monday of conceding to John Dankosky, host of WNPR’s “Where We Live,” that his re-election campaign – though unannounced – is already under way.
Posted inEducation, Health, Money, Politics
Malloy offers lean $19 billion re-election year budget
Updated at 2:02 p.m.: Gov. Dannel P. Malloy offered a $19 billion budget Wednesday that — among many other proposals — would give tax breaks to middle-income households, consumers and towns while limiting spending growth to just under 3 percent.