sales tax

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CCM: Pair sales tax hike, bargaining changes to bolster cities, towns

Connecticut’s cities and towns unveiled a sweeping financial plan Wednesday that included a major sales tax boost to aid communities, new regionalization incentives and collective bargaining changes. The bargaining changes would be designed to ensure new revenue for towns would not be used to boost wages and benefits for municipal workers. Continue Reading →

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Municipalities say CT’s property tax system is unsustainable

Just days after a landmark state court ruling found Connecticut’s education funding system to be “irrational and unconstitutional,” the chief lobbying group for cities and towns issued a new research paper calling the municipal property tax system “unsustainable.” Continue Reading →

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Towns wary of local spending cap as state begins revenue sharing

Enjoying their first infusion of state sales tax receipts — albeit not as much as promised — Connecticut’s cities and towns remain wary of a revenue-sharing program that comes with a controversial spending cap. Continue Reading →

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Labor costs, tax receipts, threaten new CT budget before it starts

With Connecticut’s new fiscal year set to begin Friday, serious issues — involving both spending and revenue — have arisen in recent weeks that challenge state government’s new spending plan before it’s even begun. And a major Wall Street credit rating agency questioned Monday whether Connecticut’s fiscal house is in order. 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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Overtime: General Assembly to return next week for budget vote

The leaders of the House and Senate Democratic majorities gave up Wednesday on adopting a new state budget before the legislature’s constitutional adjournment deadline of midnight, instead scheduling a special session for next week to finish its business for 2016. 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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Key budget players still aren’t talking as clock ticks on session

With just two and a half weeks left in the 2016 General Assembly session, the chief players in the state budget drama still haven’t begun talking — at a time negotiations normally would be in full swing. Gov. Dannel P. Malloy is frustrated with his fellow Democrats in the legislature’s majority — whose only plan for the new fiscal year was $340 million out of balance — and with a Republican minority that won’t issue a new plan. Continue Reading →

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Bye urges colleagues, Malloy to scale back town aid cuts

This is a picture of Sen. Beth Bye

The Senate chair of the General Assembly’s budget-writing panel challenged her colleagues and Gov. Dannel P. Malloy on Thursday to ease the municipal aid cuts they are seeking — or watch one budget be rejected after another. Sen. Beth Bye also fears many cities and towns already are making plans to increase property tax rates based on the state budgets proposed over the past week. Continue Reading →

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Malloy, House Democrats clash over new budget plan

Gov. Dannel P. Malloy challenged fellow Democrats in the legislature Tuesday to help balance the budget by giving up a big portion of their biggest political initiative: a $245 million sales-tax sharing plan with cities and towns. Continue Reading →

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