Regular and supplemental payments into the state’s cash-starved pensions will approach $6.5 billion this year.
state budget
Posted inMoney
Committee passes $24.2 billion budget to push CT past pandemic
The plan makes unprecedented new investments in child care while fully funding the state’s contracting watchdog agency for the first time.
Posted inInvestigations
Billions collected, millions returned: How CT and its politicians keep unclaimed money from the public
Amounts under $50 aren’t visible on the state’s website — but they add up to more than $40 million.
Posted inMoney
CT Senate gives final approval to $46.4 billion state budget
The Senate adopted the two-year state budget Wednesday, sending the package to Gov. Ned Lamont with bipartisan support.
Posted inMoney
With three days left in legislative session, the rush is on to get bills passed
The House could vote on the budget today. A key senator is pushing for a Senate vote on legalizing marijuana.
Posted inMoney
CT finance panel approves tax cuts for poor and middle class, restaurant bailout
The plan includes one of the largest tax breaks in state history for working class families.
Posted inEducation
CSCU faculty and students ask for emergency funding after budget cuts
Students and faculty from the CSCU system called for provide emergency funding after budget cuts.
Posted inMoney
Report: Lack of more federal help could cost Connecticut 60,000 jobs
The Economic Policy Institute projects large job losses in Connecticut and other states without $1 trillion in federal help.
Posted inMoney
Report: State revenues crater amidst COVID-19-induced economic chaos
The coronavirus-induced recession would rip $7 billion from Connecticut’s coffers by 2023, triggering another major tax debate.
Posted inMoney
Connecticut’s record-setting rainy day fund is running on borrowed time
While state analysts struggle with economic uncertainty, they concede Connecticut’s vaunted budget reserve could be gone a year from now.
Posted inMoney
Coronavirus begins to widen hole in state finances
The first sign that the coronavirus has infected Connecticut’s budget presented itself Wednesday.
Posted inMoney
Best of 2019: Lamont’s pension shift would leave CT’s children deep in debt
Faced with another huge deficit, Lamont and Democratic lawmakers are weighing whether to shift billions of dollars in pension debt onto the next generation of taxpayers.
Posted inMoney
Has CT broken its cycle of budget deficits?
There are signs that state government hasn’t solved its budgetary Rubik’s cube.
Posted inNews
Lawmakers press for new redevelopment agency in state budget
Tucked away in the budget bill is a provision to form the Municipal Redevelopment Authority, a quasi-public agency that could bond for city and town development efforts across Connecticut.
Posted inHealth
Union backs away from nursing home strike
The state’s largest health care workers’ union has again called off a threat to strike, following a pledge by governor to increase rates for nursing homes.