Democratic legislative leaders held a press conference pitching a $46 billion budget proposal from the Appropriations Committee and announcing their intention to push forward with tax increases on Connecticut’s wealthy residents despite opposition from Gov. […]
Budget
The budget package passed by the Finance, Revenue and Bonding Committee includes more than $1 billion in new taxes by 2023 coupled with some targeted tax credits, according to the fiscal note attached to the […]
House Republican leadership is questioning the constitutionality of a proposed “Equitable Investment Fund” that would use new and increased taxes on capital gains, digital advertising, sports gambling, marijuana sales and a second income tax on […]
The Connecticut Paid Family and Medical Leave Insurance Authority, which oversees the paid family and medical leave program, presented a draft budget that includes a 3 percent raise for all staff starting in 2022, estimated […]
State employee unions and the Working Families Party are holding a car caravan rally outside the Governor’s Mansion February 20, after union leaders and progressive lawmakers publicly expressed their disapproval of Gov. Ned Lamont’s budget […]
As part of his budget proposal Gov. Ned Lamont included a highway use tax for large trucks based on vehicle weight and miles traveled in the state to raise $90 million annually for the state’s […]
Gov. Ned Lamont released his biennial budget proposal to close a $2.5 billion deficit, which relies on a mix of federal aid, a continued delay of sales tax revenue for municipal grants and maintaining some […]
“Governor Lamont’s commitment to opposing broad-based tax increases is welcome news for Connecticut families and businesses and he deserves praise for laying down this marker.” “However, the state budget proposal unveiled earlier today includes several items that weaken […]
Gov. Ned Lamont submitted a budget proposal on October 1 that draws down Connecticut’s Rainy Day Fund by $1.8 billion, maintains the corporate surcharge tax and implements a hiring freeze to bridge a projected $2 […]
A new annual report from Truth in Accounting found Connecticut has $67 billion in bonded debt and unfunded retirement costs, making it the third most indebted state per taxpayer in the nation. The total debt, […]
