As state government’s ongoing budget standoff prepared to enter a crucial week, 200 students and teachers from a regional high school in Burlington protested Sunday in front of the Capitol.
State Budget
Posted inHealth, Money, Politics
Malloy would accept sales, hospital tax hikes to restore town aid
Gov. Dannel P. Malloy proposed a major increase in state taxes on hospitals to leverage federal dollars, along with a modest sales tax hike, in a compromise intended to end a budget impasse that’s in its third month and has left Connecticut as one of the last two states without a budget.
Posted inMoney
Malloy would ease cost shift onto towns by nearly $775M
Gov. Dannel P. Malloy announced Thursday he would ease proposed municipal aid cuts and other cost-shifts onto cities and towns by nearly $775 million in an effort to end the state budget standoff that has extended 10 weeks into the new fiscal year.
Posted inMoney
Bronin: Hartford faces insolvency within 60 days
Hartford Mayor Luke Bronin warned Gov. Dannel P. Malloy and the legislature Thursday that the capital city is at risk of insolvency within 60 days, absent the additional funding it would receive under a new state budget.
Posted inEducation, Money, Politics
Malloy offers big compromise to end CT budget gridlock
Gov. Dannel P. Malloy has offered a major compromise to end the state budget standoff, scaling back his proposed shift of teacher pension costs to cities and towns by half.
Posted inMoney
No CT budget deal yet as another target date nears
With rank-and-file state legislators still slated to return to the Capitol next week — potentially to adopt a new state budget — legislative leaders said Tuesday there talks still haven’t yielded consensus.
Posted inMoney, Politics
House plan would cut aid based on municipalities’ wealth
House Democratic leadership has a new plan to redistribute reduced non-education grants to cities and towns largely on the basis of wealth.
Posted inCities & Towns, Money, Politics
Town leaders fight back against budget cost shifts
Municipal leaders pushed back Wednesday against Gov. Dannel P. Malloy’s proposals to shift costs onto cities and towns.
Posted inMoney, Politics
Higher income taxes for CT’s wealthy may still be in play
Increasing taxes on the wealthy — a solution in several state budget crises — seemed off the table this year. But the discussion may not be over yet, despite Gov. Dannel P. Malloy’s strong opposition.
Posted inMoney, Politics
Budget debate: It’s not how much, but what kind of revenue to raise
Gov. Dannel P. Malloy has been sparring with his fellow Democrats in the House of Representatives over how much new tax and fee revenue should be raised for the budget. But the real debate is over what type of revenue should be raised — not how much.
Posted inEducation, Money, Politics
Malloy defends his track record on aiding cities and towns
Gov. Dannel P. Malloy tried to defend his efforts to shift more costs onto cities and towns Thursday, releasing a report asserting that municipal aid has grown 21 percent over the last five years.
Posted inMoney, Politics
Coalition presses officials to reconsider taxing the rich
Advocates for social services, labor and municipalities appealed Wednesday for legislators and Gov. Dannel P. Malloy to consider higher income taxes on the wealthy, tolls, a sales tax expansion and other revenue hikes to avert deep budget cuts.
Posted inMoney, Politics
Legislators to propose new budget plans to break gridlock
With the state budget standoff nearing two months, Democrats and Republican legislative leaders announced plans Tuesday to unveil revised budget proposals soon.
Posted inMoney
It’s official: CT finances in deficit after seven weeks with no budget
Just over seven weeks into the new fiscal year without an approved budget, state finances — not surprisingly — are running $94 million in deficit, Gov. Dannel P. Malloy’s administration reported Monday.
Posted inEducation, Money, Politics
Fasano asks AG for opinion on Malloy’s shift in town aid
Senate Republican leader Len Fasano has asked Attorney General George Jepsen to issue an opinion on the legality of Gov. Dannel P. Malloy’s executive order dramatically realigning municipal aid in the absence of a new state budget.