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…
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…
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…
The current budget includes a provision, which would go into effect almost immediately, that would require credit-card companies to remit the sales-tax portion of the transaction directly to the state. If it could be done, it would involve an…
A proposal to create a public health plan for small employers has some lawmakers and business associations wondering why the state of Connecticut is trying to compete against the state’s flagship industry. According to 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…
The Office of Fiscal Analysis pegs the cost of increasing the minimum wage to $15 per hour and implementing a paid family medical leave program at nearly $80 million, as the state faces projected budget…
Analysis: Preview of the budget battle ahead Democrats are gearing up for an intra-party squabble about how to close the $3.7 billion two-year budget deficit. This year’s budget battle won’t be Democrats vs. Republicans, but…
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…
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…
