Connecticut’s economic troubles since the 2008 recession are well known. The state has experienced some of the lowest job growth and personal income growth in the country during a time when the national economy surged.
Taxes
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
It is a genuine law of economics, because it is a central law of human nature: if you tax something, you get less of it. A necessary corollary: most taxes bring in less revenue than
Governor Lamont hosted Govs. Baker and Raimondo recently, and reported that his fellow governors had urged him to keep on fighting for statewide tolls. He failed to note that the tolling adopted by each of