Revenue to Connecticut’s Special Transportation Fund is projected to rise this year as gasoline prices surge upward and sales tax receipts come in hotter than previously expected adding nearly $70 million to the STF this […]
Special Transportation Fund
Connecticut lawmakers and Gov. Ned Lamont bridged a $3.5 billion biannual budget deficit during the 2021 legislative session, largely using federal COVID relief funds combined with some revenue and accounting adjustments the state has employed […]
Connecticut spends roughly $450 million out of the Special Transportation Fund every year to subsidize bus and rail operations, with most of its rail line costs exceeding other rail lines in the United States, according […]
In a March 11 op-ed for the Connecticut Post, Sen. Christine Cohen, D-Guilford, wrote that “All proceeds from [Transportation and Climate Initiative] will be deposited in the Special Transportation Fund lockbox to be invested in […]
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 […]
A bill to study a possible tax on the number of miles Connecticut residents drive has returned after the Senate unanimously voted against the idea in 2017. Sponsored by Rep. Cristin McCarthy Vahey, D-Fairfield, who […]
Senators Will Haskell, D-Westport, and Alexandra Kasser, D-Greenwich, have filed a bill authorizing the Department of Transportation to install electronic tolls on Connecticut’s interstate highways and parts of Route 15. The debate over tolls was […]
An initiative aimed at curbing gasoline usage and fighting climate change would cost the average Connecticut family $258 per year, according to an analysis conducted by the Ceasar Rodney Institute’s Center for Energy and Environment, […]
Connecticut’s fixed costs like Medicaid, debt service and retiree benefits continue to grow faster than state revenue and make up 52 percent of the state’s budget, according to the Office of Fiscal Analysis. In fiscal […]
Traffic numbers from the Connecticut Department of Transportation show a steep drop-off in people traveling on Connecticut’s highways in response to the COVID-19 pandemic and the closure of nonessential businesses by the governor. The number […]
