“We applaud Gov. Ned Lamont and the legislature on passage of a budget that does not contain a new capital gains or an income tax rate increase; does not force municipalities to pay for teacher pensions they could not control; removes a far-fetched provision for real-time sales tax collection; and ...
A provision in the 2019 budget deal eliminates the inclusion of multiple private vendors from Connecticut’s retirement-for-all program, leaving the state to choose only one vendor to offer different retirement plans and products to private workers. The inclusion of multiple vendors in the Connecticut Retirement Security Authority was pushed by ...
According to the budget deal released Sunday evening, Gov. Ned Lamont and Democrats were able to reach a deal on a paid family and medical leave program, which is included in the $43.35 billion two-year state budget. Lamont had threatened to veto the paid FMLA legislation, saying that it added ...
In response to President Donald Trump’s tax bill that limited state and local tax deductions – known as SALT deductions – Connecticut developed a novel way to allow business owners to avoid getting hit with higher federal income taxes. Businesses that operated as “pass-through” entities, which allowed business income to ...
Connecticut is undercutting private, nonprofit organizations that serve Connecticut’s neediest citizens through a lack of funding, competition for employees and the state’s rising minimum wage. That’s according to nonprofit leaders, workers and clients who came to the Capitol Thursday to tell lawmakers they need more funding for services as the ...
“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 ...