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, which amounts to $50,700 per taxpayer in the state, is based on Connecticut’s 2019 financial ...
At a press conference before a public hearing on Gov. Ned Lamont’s bill to toll trucks, Senate Republican Leader Len Fasano, R-North Haven, presented the fiscal note for the bill, which states that the revenue estimates from tolls are only “preliminary” and “not investment grade.” Senate Republican obtained the fiscal ...
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 a $216 million difference between the budget, which estimated a $120 million surplus, and the ...
Democrats in the House of Representatives and the Senate may have been surprised when Republicans held a press conference on September 12 lambasting a budget provision that would tax certain grocery items, but Gov. Ned Lamont’s administration, at least, should not have been. According to emails and text messages obtained ...
In response to Senate Republicans’ criticism that the 2019 budget assumes $450 million in pension and health care savings from state employees that have not yet been negotiated, Gov. Ned Lamont and his budget chief Melissa McCaw admitted that talks with labor leaders are just beginning. “That process is just ...