The legislature approved a new usage tax on large commercial trucks to bolster Connecticut’s rebuild of its transportation network.
State Budget
Posted inMoney
New CT budget has an unprecedented built-in surplus of $2.3 billion
The new, $46.4 billion, two-year state budget is expected to have plenty left over to put into the pension funds.
Posted inMoney
Reform advocates make final push for relief for CT’s poor and middle class
One legislator has pitched a number of options to salvage tax cuts to the working poor and families with children.
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
Lamont, top lawmakers closer to budget deal after key compromises
Gov. Ned Lamont and legislative leaders say they could have a deal on a new state budget by Monday.
Posted inMoney
Lamont digs in as CT budget talks remain in gridlock
Gov. Ned Lamont insisted he wouldn’t sign a new state budget that subverts the spending cap or borrows excessively.
Posted inMoney
CT budget talks stuck on borrowing for cities, spending cap workaround
The House inched closer Thursday toward a Saturday budget vote — even as negotiations with Gov. Ned Lamont stalled.
Posted inMoney
Nearing a budget deal, Lamont, Democratic leaders compromise on taxes
The new state budget will include tax cuts for low- and middle-income families, but the latter must wait until 2024.
Posted inMoney
CT budget talks bog down near the finish line over town aid, spending cap
Negotiations over a new state budget have stalled over increasing aid to towns — and maneuvering around the spending cap.
Posted inMoney
Tax break for CT’s working poor has strong support in budget talks
An income tax break for the working poor seems to have a reserved spot in the next state budget.
Posted inMoney, Politics
Progressives intensify push to aid poor, middle class as General Assembly session winds down
With two weeks left in the legislative session, progressives are making their strongest tax reform push in years.
Posted inMoney
Budget panel wants more federal $ for businesses and human services
Legislators pushed back in bipartisan fashion against Gov. Ned Lamont’s plan for spending nearly $3 billion in federal pandemic relief.
Posted inNews
Workers at 6 more CT nursing homes say they are prepared to strike
SEIU District 1199 New England added six more nursing homes to the potential strike.
Posted inEconomic Development
UConn report: Don’t put federal relief funds under the mattress
The choice is between investing in the economy or spending federal aid on state and municipal budgets.
Posted inMoney
CT revenues surge by hundreds of millions of dollars
The surge will make it much easier for officials to balance the budget without tax hikes.