Gov. Dannel P. Malloy emerged from a two-hour, closed-door talk with Democratic legislative leaders Tuesday evening declaring “substantial progress” had been made negotiating the 2016-17 state budget.
State Budget
Posted inEducation, Health, Money, Politics, Transportation
Budget tracker: What’s on the table so far
As the legislative session’s final hours tick down, here’s an updated look at how each side would balance the nearly $1 billion budget shortfall for the upcoming fiscal year.
Posted inJustice, Money, Politics
CT judiciary says Malloy’s budget means another 600 layoffs
Connecticut’s Judicial Branch warned late Monday that Gov. Dannel. P. Malloy’s latest budget proposal would force the branch to increase layoffs by at least 600, losing one-fifth of all staff.
Posted inEducation, Health, Money, Politics
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.
Posted inMoney, Politics
GOP’s Fasano: Dems hiding fine print on their budget plan
The top Republican in the state Senate charged majority Democrats in the legislature with keeping most crucial details of their new budget for 2016-17 under wraps.
Posted inMoney, Politics
Malloy offering compromise on the budget to legislators today
Gov. Dannel P. Malloy will submit budget revisions to the legislature today, a compromise in which he would cut funding for an administration priority, transportation, and restore some of the funding legislators have demanded for hospitals and schools. In return, he asks that lawmakers minimize their use of one-time revenues to balance spending in 2016-17.
Posted inMoney, Politics
Malloy, Democrats bring very different perspectives to budget crisis
While Gov. Dannel P. Malloy is challenging his fellow Democrats in the legislature to focus less on their re-election chances and more on Connecticut’s budget crisis, legislators respond that the Democratic governor did not lead by example when dealing with the budget during his last re-election bid.
Posted inMoney
Budget tracker: See where each side stands
The budget shortfall for the coming fiscal year is approaching $1 billion, but Gov. Dannel P. Malloy and legislative leaders remain at odds on how to fix it. Here’s an updated look at how each side would address the problem.
Posted inMoney, Politics
CT budget talks remain gridlocked as pols jab via Twitter
State budget talks continued to stall Saturday as Gov. Dannel P. Malloy’s administration and Democratic legislative leaders remained at odds over how to resolve a nearly $1 billion shortfall in the fiscal year that begins July 1. And though talks — which bogged down late Friday — remained in limbo, Democratic legislative leaders insisted they are ready to resume talks with the governor at any time.
Posted inMoney, Politics
CT counts on future legal settlements to mitigate eroding income tax receipts
Despite rapidly eroding state income tax receipts, analysts for Gov. Dannel P. Malloy’s administration and the legislature are counting on payments from future legal settlements and other sources to mitigate much of the likely tax revenue loss next fiscal year.
Posted inEducation, Health, Money, Politics
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.
Posted inMoney, Politics
CT may entice businesses to pay more taxes — voluntarily
Majority Democratic legislators want Connecticut to invite businesses to pay more taxes — voluntarily — next spring — in exchange for a contractually guaranteed tax break down the road, according to several sources within the House and Senate Democratic caucuses.
Posted inMoney, Politics
State worker layoffs now top 670
Gov. Dannel P. Malloy’s administration Tuesday served 28 workers in the prison system and at the Department of Mental Health and Addiction Services with layoff notices, bringing total executive branch layoffs ordered since April 11 to 546.
Posted inMoney, Politics
Volatile income tax receipts complicate effort to craft CT budget
Unstable tax receipts are threatening to dash Democratic legislators’ hopes of adopting a new state budget this week. By midday Tuesday, earlier indications that income tax receipts might be on the rise — based on very preliminary data after the April 18 filing deadline – had evaporated.
Posted inEducation, Health, Money, Politics, Transportation
GOP budget plan: Slash agency budgets, cut bonding drastically
Leaders insist their blueprint would close massive future deficits without tax hikes. To do that, though, the GOP minorities in the House and Senate would dilute the two big initiatives Gov. Dannel P. Malloy and the Democratic majority launched last June: a 30-year investment in transportation and a plan to share sales tax receipts with cities and towns.