Projected state revenues skyrocketed by $1.7 billion Friday, positioning officials to balance the next state budget without tax hikes.
Wall Street continues to soften COVID’s impact on CT’s budget woes
Analysts say surging tax revenues will soften a big deficit this year and dramatically shrink shortfalls over the next biennium.
Lamont backs GOP plan for $450 back-to-work incentive
Gov. Ned Lamont favors the Republican plan over an extension of a federal program that provides $600-a-week in added unemployment.
Malloy promises $155 million in tax relief
Derby – Gov. Dannel P. Malloy said Thursday he would use the $506 million projected surplus to beef up the state’s fiscal reserves, pay down pension obligations and provide modest tax relief.
Malloy, a first-term Democrat facing re-election this year, chose a blue-collar, Naugatuck Valley community to announce that if legislators approve his plan, the state would be sending out checks of $55 to single filers and $110 to couples.