sales tax

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Looney wants half-penny sales tax option for cities and towns

Senate President Pro Tem Martin M. Looney of New Haven called Friday for an optional local sales tax increase to help cities and towns control property tax rates. This would add a local surcharge of one-half of 1 percentage point to the existing 6.35 percent state sales tax. Continue Reading →

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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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