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…
Connecticut had roughly half of the money needed to weather a recession in its unemployment trust fund before the COVID-19 pandemic hit the state, according to a report from the Tax Foundation which tracked unemployment…
Connecticut has $33.6 billion in unfunded liabilities for its other post-employment retirement benefits like retiree health insurance, according to a new report from the American Legislative Exchange Council. Connecticut ranked 43rd in the nation for…
Connecticut’s current year budget deficit increased once again, rising another $66 million over the previous estimate and topping out at $96 million, according to a budget report for the Office of Fiscal Analysis. This marks…
During his hour-long interview with WTIC 1080, Gov. Ned Lamont fielded questions from callers, one of whom questioned why the state diverted $170 million in vehicle sales tax from the Special Transportation Fund. The governor…
Connecticut ranked 6th in the nation for loss of wealth to other states between 2017 and 2018, with a net loss of $1.13 billion in adjusted gross income as people moved out, according to figures…
Senate Republicans unveiled their latest transportation funding plan which would use $1.5 billion from the state’s Rainy Day Fund to pay off pension debt and remove pension payments from the Special Transportation Fund, thereby freeing…
Despite increasing General Fund revenue by $2.52 billion over the next two years, Connecticut will still face billion-dollar budget deficits from 2022 through 2024, according to a budget report released by the Office of Fiscal…
Early in the legislative session, word spread that the Gov. Ned Lamont administration was considering a possible sales tax for grocery items. The subsequent outcry from groups across the political divide buried the idea, seemingly…
In response to an annual transportation spending study published by the Reason Foundation, Connecticut’s Department of Transportation has started to reclassify the way it reports transportation spending to the federal government, according to CT DOT…
