If you live in Connecticut but work in New York, you end up paying income taxes in New York and receiving a credit from the state of Connecticut, known as the convenience rule. But what…
As Connecticut’s legislature is sworn in, lawmakers and the governor will enter into the 2021 legislative session with a hefty Rainy Day fund but, because of the pandemic, also face lower revenue, budget deficits and…
Connecticut Voices for Children, a New Haven-based think tank, outlined their plan to achieve economic justice through increasing taxes on Connecticut’s top earners in a report published this month and in an online presentation that…
The Tax Foundation released its annual ranking of states based on their overall business tax climate and placed Connecticut 47th in the country, besting both New York and New Jersey but falling short of other…
Gov. Ned Lamont submitted a budget proposal on October 1 that draws down Connecticut’s Rainy Day Fund by $1.8 billion, maintains the corporate surcharge tax and implements a hiring freeze to bridge a projected $2…
The coronavirus has shut down the Capitol and LOB until March 30 as a full “disinfecting” of the building is being done. In addition, there will be no public hearings next week. While the building…
It was a whirlwind week at the Capitol as various committees held public hearings and committee meetings. On Monday, the Transportation Committee held a public hearing on several bills, including SB 213, the Governor’s CT2030…
The 2020 Legislative Session continues to move along at a rapid pace with committee meetings and public hearings. Criminal Justice: The Chairs of the Judiciary Committee held a press conference this week announcing the committee would…
With session underway, various legislative committees met this week to raise concepts for bills. Many of the concepts are relative to bills we expected to see this session, and were highlighted in last week’s report.…
Lamont's Proposals The 2020 Legislative session began Wednesday, February 5 with Governor Lamont’s “state of the state” address where he proposed his budget adjustments and highlighted his legislative proposals. The $22.3 billion budget adjustments increase…
