In response to an annual transportation spending study published by the Reason Foundation, Connecticut’s Department of Transportation has started to reclassify the way it reports transportation spending to the federal government, according to CT DOT report. Connecticut ranked 44th in the nation for overall transportation spending but dead last for ...
Even if Gov. Ned Lamont gets his tolling bill through the General Assembly during a special session, his plan, the budget and proposed reductions to the gasoline tax and bus fare would amount to $288 million in either less revenue to the Special Transportation Fund or increased public transportation subsidies. ...
The Finance, Revenue and Bonding Committee on Wednesday approved a $1.3 billion revenue increase, largely funded by maintaining a tax on hospitals, a 2 percent surtax on capital gains and various increases to the sales tax for restaurant meals, digital downloads and ridesharing services, among others. Union activists representing the ...
The vast majority of Connecticut residents who commute by train earn over $100,000 per year, with the largest cohort earning more than $250,000 per year, according to a 2016 Fare Equity Analysis report from the Connecticut Department of Transportation. The report based its numbers off a study conducted by the ...
It could take up to 30 years of tolling drivers to fund all the projects outlined in a tolling bill which passed out of the Transportation Committee on March 20, unless the state plans to increase bonding to pay for those projects. Committee Bill 423 provided a list of 16 ...
Gov. Ned Lamont’s budget will freeze the transfer of vehicle sales tax revenue from the General Fund to the Special Transportation Fund, essentially bankrupting the state’s transportation fund by 2021.