CT’s fiscally moderate Democratic Gov. Ned Lamont may find more allies among Republicans when it comes to proposals to cut taxes.
State Budget
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CT tax receipts surge as Lamont prepares new tax-cutting plan
Projections for state tax receipts increased again, pushing the current fiscal year’s surplus beyond $3 billion, according to a new report.
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CT government can spend more as inflation soars. But should it?
CT legislators are eyeing more funds for child care, municipal aid and education as inflation has increased how much the state can spend.
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CT budget surplus shatters the $4B mark
Connecticut’s $4.3 billion budget surplus allows the state to make a huge payment against longstanding pension debt.
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CT lawmakers want a closer look at inequality, and now the law demands it
Whoever wins this fall’s gubernatorial election cannot, by law, propose a new budget without showing how it addresses inequities.
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CT poised to pay down $3.6 billion in pension debt
Regular and supplemental payments into the state’s cash-starved pensions will approach $6.5 billion this year.
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Did Ned Lamont offer the largest tax cut in CT history? By one standard, yes.
Gov. Ned Lamont says his tax relief plan is the largest in CT history, yet it’s a tiny share of the government’s current financial windfall.
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Lawmakers direct Lamont: Save less, fill vacant state jobs
The new CT state budget limits Lamont’s ability to save money once the fiscal year is underway to encourage filling of more vacant state jobs.
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Senate adopts ‘humane’ budget that cuts taxes, looks beyond pandemic
The Senate voted 24-12, largely along party lines, to adopt the package, which now heads to Gov. Ned Lamont, who is expected to sign it.
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Analysts: CT could cut taxes $1 billion more within federal rules
Senate Minority Leader Kevin Kelly said an estimate from the Office of Fiscal Analysis vindicates the GOP’s calls for bigger tax cuts.
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House adopts one of the largest tax cuts in CT history
The budget positions Connecticut to make an unprecedented $3.5 billion supplemental payment against its massive pension debt.
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Money keeps pouring into CT’s coffers; This year’s surplus now $4.8 billion
CT legislators awoke to good news Monday as they prepared to debate a new budget: an extra $856 million in tax receipts.
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Businesses, essential workers come up short in final CT budget deal
The state budget, which could be adopted Monday, includes no major bailouts for businesses or essential private workers hurt by the pandemic.
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CT budget deal includes $600M in tax cuts, extends gas tax holiday
Gov. Ned Lamont and legislative leaders have agreed on a new $24 billion state budget that features nearly $600 million in tax cuts.
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Lamont, legislators on the cusp of a new CT budget deal
Legislative leaders and Gov. Ned Lamont’s administration have offered compromises, and debate and a vote could be as soon as this weekend.