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.
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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.
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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.
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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.
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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.
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Bye urges colleagues, Malloy to scale back town aid cuts
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.
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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.
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Municipalities fear big CT deficits will nix promised state aid
In light of surging state budget deficits, municipal leaders were skeptical Tuesday that their communities would receive the hundreds of millions of dollars in state sales tax receipts owed them over the next three years. The Connecticut Conference of Municipalities also used their annual lobbying day at the Capitol to urge legislators to spare them from new mandates and to postpone and reform a new municipal spending cap.
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Small towns’ forum offers preview of ’16 legislative campaign
State legislative leaders may have offered a preview Tuesday of this fall’s election themes as they battled before the leaders of Connecticut’s small towns.
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Transportation funding options: tolls and gas and sales tax hikes
A state panel is recommending restoring tolls to Connecticut highways, raising sales and gasoline taxes, and taking other steps to finance a 30-year transportation program – but Gov. Dannel P. Malloy said Thursday he would propose none of the revenue-raising proposals in the new budget he will give legislators in three weeks.
Posted inMoney, Politics, Transportation
Advocates hope CT’s transportation woes will spur spending
While transportation advocates offered further evidence Tuesday that Connecticut’s aging, congested transportation system is weakening the economy, they remained uncertain whether that would translate into greater state investment in the problem. A new report from a Washington, D.C.-based advocacy group concluded congestion and aging infrastructure cost Connecticut residents in urban areas between $2,050 and $2,236 per year.
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Malloy vows to up the pressure for transportation ‘lockbox’
Gov. Dannel P. Malloy urged the public Monday to join him in pressuring the General Assembly to support a constitutional amendment to safeguard budget revenues earmarked for transportation.
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Popular proposal for tax reform: Roll back recent increases
A public hearing on how to reform Connecticut’s tax system evolved Wednesday — at least in part — into a critique of the $1.3 billion tax hike built into the two-year state budget legislators and Gov. Dannel P. Malloy approved earlier this summer.
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State panel to host teleconferences with tax specialists
The committee studying Connecticut’s tax system will host a series of telephone conference meetings next week, and members of the public interested in listening to those briefings can do so at the headquarters of the state Office of Policy and Management.
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CT tax department says it surpassed $75M collection target
Thrown a last-minute challenge to collect an extra $75 million in revenue for the past fiscal year, state tax officials topped the mark, collecting nearly $86 million in miscellaneous receipts before the fiscal year ended on June 30.