The day before Connecticut officials announced consensus revenue estimates of a $2.2 billion surplus in the state’s finances, the Office of Policy and Management sent a letter to municipal leaders across the state informing them
Office of Policy and Management
A study of Connecticut’s population loss conducted by the Office of Policy and Management shows that Connecticut is experiencing a “slight loss” of individuals earning more than $5 million per year. The loss of high
Highway tolls may soon return to Connecticut’s borders as lawmakers search for additional money to fund transportation costs. Facing projected deficits to Connecticut’s Special Transportation Fund, the finance, revenue and bonding committee heard testimony Monday
Gov. Dannel Malloy proposed definitions earlier this year to finally implement the 25-year-old constitutional spending cap. His budget chief admitted Monday that, unless lawmakers pass the administrations' proposed definitions, his proposed budget will exceed the
Gov. Dannel Malloy's budget chief faced a barrage of tough questions Thursday from both sides of the political aisle. None of the lawmakers on the finance, revenue and bonding committee appeared pleased with Office of
The few hundred wealthy families who pay an outsized share of Connecticut's tax burden are having a big effect on Connecticut's budget deficit. According to projections by the Office of Fiscal Analysis, the state's take
Gov. Dannel Malloy's budget chief told the appropriations committee Tuesday that, despite a pension agreement between the governor’s office and a group of state employee unions, Connecticut will face “a relatively brutal” increase in pension
In 2016 Connecticut borrowed $327.4 million for public projects, which included $4 million in fees for Connecticut agencies to oversee the projects, essentially borrowing to pay the cost of its employees. Those fees have added
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