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Posted inCT Viewpoints

Connecticut’s new budget: Something painful for everyone

When the budget implementer bill was presented to the House chamber during the special session on June 29, we had mere hours to read it over and realize that despite some changes made for the better, this budget didn’t do nearly enough to steer Connecticut in the right direction. Much discussion has been focused on corporations and the unconscionable unitary tax placed upon them, but make no mistake; this budget does not discriminate in regards to its negative impact upon both businesses and residents.

Posted inEducation, Money, Politics

Looming deficits already threaten transportation, town aid initiatives

A new, two-year state budget would make unprecedented investments in communities and transportation. But while Gov. Dannel P. Malloy insists his transportation investment will be protected by a legal lockbox, and Democratic lawmakers profess their commitment to local aid, looming deficits that start arriving in 2017-18 have advocates for both constituencies admitting they’re worried.

Posted inMoney, Politics

On these ‘major victories,’ Malloy celebrates alone

Gov. Dannel P. Malloy forced legislators to yield to his every key tax demand in budget negotiations last week, including setting aside a portion of the sales tax for the long-term transportation improvements that could be the governor’s legacy. Now comes the harder task: Convincing the rest of Connecticut to accept his priorities and ignore the outcry over higher taxes on business.

Posted inNews

Legislators, Malloy hovering on brink of a state budget deal

Sources say legislative leaders and Gov. Dannel P. Malloy’s administration are creeping up on a tentative agreement on a new two-year budget. Few details have leaked, but the sources said spending will be less than the legislature’s Appropriations Committee has recommended, and the latest talks have centered on the taxes that will be required to balance the budget.