Connecticut’s total state and local unfunded pension and other post-employment benefits (OPEB) liability is a whopping $124.9 billion, according to an independent report delivered to the Connecticut Council of Municipalities. Pro Bono Public Pensions, a nonprofit that advises state and local governments on pension sustainability, reported that the State of ...
education cost sharing
Gov. Dannel Malloy’s budget chief offered a roadmap for Governor elect Ned Lamont’s new administration, which included eliminating scheduled tax cuts, cutting back Medicaid, reducing state aid to some municipalities, and transferring some teacher pension costs onto towns and cities.
An annual study by WalletHub ranked Connecticut 48th among the states for its real estate property tax burden and 43rd for its vehicle property tax costs. In total, the 2018 study noted that the median real estate tax cost for Connecticut homeowners is $5,443 per year, while the median property tax for a vehicle is $603.
The newest budget negotiated between Democratic and Republican leaders in both the House and Senate has yet to be released, but based on the information we have received, this is a breakdown of the changes included in the new budget package.
Gov. Dannel Malloy released his 4th budget proposal this year in an effort to reach a bipartisan consensus to pass a budget. Connecticut is well over 100 days into the new fiscal year, and is the last state in the nation without a budget. Touting it as a “bare bones” budget, Malloy eliminated many of the controversial proposals from both Republican and Democrat authored budget plans, but still shifts some of the state's burden onto municipalities.
Fewer and fewer students are enrolling in Connecticut’s schools but that hasn’t stopped education budgets from growing and per-pupil costs from sky-rocketing to previously unheard of levels, according to figures compiled by the Western Connecticut Council of Governments. The median, inflation-adjusted per-student cost in Connecticut has grown 35 percent between 2006 and 2016, largely due to declining enrollment coupled with growing budgets.