If you live in Connecticut but work in New York, you end up paying income taxes in New York and receiving a credit from the state of Connecticut, known as the convenience rule. But what…
Budget
Reports surfaced Monday about a tentative deal between Gov. Dannel Malloy and the state employee labor unions to achieve $1.5 billion in concessions over the next two years and extend the state employee contract to 2027.…
[et_pb_section admin_label="section"][et_pb_row admin_label="row"][et_pb_column type="4_4"][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"] Healthcare costs for retired state employees are projected to surpass the healthcare costs for current employees for the first time, according to the governor’s budget…
Gov. Dannel Malloy proposed definitions earlier this year to finally implement the 25-year-old constitutional spending cap. His budget chief admitted Monday that, unless lawmakers pass the administrations' proposed definitions, his proposed budget will exceed the existing…
Another week of testimony at the capitol has brought some important and potentially disastrous bills to the forefront. In particular, Gov. Dannel Malloy's budget proposals were heard before the finance, revenue and bonding committee on…
Gov. Dannel Malloy's budget chief faced a barrage of tough questions Thursday from both sides of the political aisle. None of the lawmakers on the finance, revenue and bonding committee appeared pleased with Office of Policy and Management…
Should Connecticut repeal the estate and gift taxes? Should members of the military and their spouses be forced to jump through the red tape of Connecticut's occupational licensing laws? These are just two of the…
After a long career working for international banks that specialized in developing countries, John Caracciolo decided to retire with his family in Barkhamstead for the good schools and the quiet countryside. That was six years…
The few hundred wealthy families who pay an outsized share of Connecticut's tax burden are having a big effect on Connecticut's budget deficit. According to projections by the Office of Fiscal Analysis, the state's take…
“We are in this together,” was the message Gov. Dannel P. Malloy asked state residents to take away from the budget he introduced Wednesday. But what we’re in together doesn’t look very pretty – a…