A proposal to increase the Connecticut sales tax by .5 percent and send the increased revenue to municipalities received a public hearing on Wednesday before the Finance, Revenue and Bonding Committee. Senate President Pro Tempore Martin Looney, D-New Haven, testified in support of his bill proposal saying Connecticut municipalities need ...
When Connecticut issued bonds in June of 2018, the bond covenant said Connecticut would strictly adhere to its new $1.9 billion bonding cap until 2023 — with no changes to underlying statutes and no exceptions. However, language contradicts the legislature’s loosening of the bond cap in May of 2018, allowing ...
Connecticut’s bond commission approved over $80 million in economic assistance for 16 different companies — including giants like Electric Boat, Walgreens and PriceWaterhouseCoopers — but the grants and loans drew some critical questions from panel members.
The agreement negotiated between Gov. Dannel Malloy and government union leaders contains a provision that would provide healthcare for retired state employees through Medicare Advantage. But the inclusion of the Medicare Advantage switch in the deal with government unions may hamper future lawmakers’ ability to make administrative changes to the way Connecticut handles retiree healthcare.