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
Special Transportation Fund
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.
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.17.5″] During her confirmation hearing on Tuesday, Gov. Ned Lamont’s new budget chief, Melissa McCaw, said the governor has not finalized his position regarding electronic tolls on Connecticut’s highways. Under questioning from
Professor of Finance for the College of Staten Island and Research Fellow at The University Transportation Research Center Johnathan Peters says if Connecticut lawmakers are looking to raise revenue for transportation, they might be better off looking
As some legislative leaders call for tolls on Connecticut’s highways, new revenue estimates from the state show transportation funding is expected to increase by $310 million by 2023. The Office of Fiscal Analysis and the
In a classic Saturday Night Live skit, Will Ferrell played a goofy George W. Bush and debated Darrell Hammond as a boring, one-note Al Gore in the lead up to the 2000 Presidential Election. When
Lawmakers short-changed Connecticut’s Special Transportation Fund by $650 million between 2011 and 2017, according to a transportation funding document released by Senate Republicans -- more than enough to pay Connecticut's portion of the new commuter
Connecticut has one of the highest gasoline taxes in the country, according to a new report released by the Tax Foundation, which used 2018 data gathered by the American Petroleum Institute.
Connecticut's transportation funding problems have been blamed on increasing debt costs, but a look at the history of transportation spending in Connecticut shows that, when adjusted for inflation, the biggest cost increases have been for
Gov. Dannel Malloy signed an executive order on Tuesday forcing another study on how to implement electronic tolls on Connecticut’s highways and it potential effect on commuters.