“The budget proposals released today by the Finance, Revenue and Bonding Committee demonstrate a disturbing inability to learn from the negative impact of past tax increases. Although we welcome the proposal to eliminate the gift tax, it’s remarkable that billions more are being demanded from taxpayers, after so little apparent ...
How big were the tax hikes in Governor Ned Lamont’s budget proposal? If you include all of the proposed increases over the next few years, and account for a few tax breaks, the total comes to $2.4 billion per year. How did we get to that number, and why is ...
Gov. Ned Lamont’s budget proposes shifting 25 percent of the “normal cost” of teacher pensions onto towns and cities, but distressed municipalities will only have to shoulder 5 percent, which means the City of Hartford will have to pay far less in teacher pension costs than neighboring South Windsor. Combined ...
The steady drip of information and budget ideas from the governor’s office over the past two weeks finally culminated with Gov. Ned Lamont’s first budget proposal, which will be sure to please practically no one. The governor’s plan calls for an expansion of the state sales tax, shifting a portion ...
State spending on overtime increased slightly over last year for the second quarter, according to a release from the Office of Fiscal Analysis, although some state agencies showed progress in reducing the number overtime hours for state employees. Overtime spending was up 4 percent over this time last year, with ...
The left-leaning think tank which has the ear of the Democratic Party in Connecticut hosted a forum at the Capitol Building today to decry the state spending cap, volatility cap and bonding cap, saying the restrictions will make Connecticut’s budget situation worse.