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April 28, 2017

Malloy Will Revise Budget Proposal To Reflect Drop In Revenue

by Christine Stuart | April 28, 2017 2:03pm

ctnewsjunkie file photo HARTFORD, CT — Gov. Dannel P. Malloy said Friday that he will revise his budget proposal as soon as the new revenue numbers are approved next week.

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Tax Committee Finds Support For No Tax Increases

by Christine Stuart | April 28, 2017 6:45am

Courtesy of CT-N HARTFORD, CT — After a week of partisan bickering and what looks like a two-year $4.7 billion budget deficit, it took less than 10 minutes for Democrats and Republicans to agree Thursday on a revenue package.

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April 27, 2017

Budget Chief Orders Hiring Freeze As Income Tax Receipts Plummet

by Christine Stuart | April 27, 2017 9:35pm

ctnewsjunkie file photo HARTFORD, CT — Office of Policy and Management Secretary Ben Barnes is not sugarcoating a $450 million drop in income tax receipts.

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Republican Budget Is Out of Balance Before It’s Even Released

by Christine Stuart | April 27, 2017 3:11pm

Christine Stuart / ctnewsjunkie HARTFORD, CT—Republican legislative leaders, who refused to sign onto a spending plan earlier this week, presented their own two-year budget Thursday. But it was out of balance before the press conference even started.

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April 26, 2017

Malloy Invites Lawmakers To Budget Table

by Christine Stuart | April 26, 2017 3:14pm

josalee thrift / ctnewsjunkie HARTFORD, CT — Democratic Gov. Dannel P. Malloy acknowledged Wednesday in a letter to legislative leaders that revenue projections are eroding and it’s time to start budget negotiations.

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Looney Continues To Be Optimistic About Revenue Package

by Christine Stuart | April 26, 2017 12:56pm

Christine Stuart / ctnewsjunkie HARTFORD, CT— One day after bipartisan budget discussions ended in finger pointing, one Democratic leader is holding out some hope that the legislature will approve at the very least a revenue package.

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April 25, 2017

Spending Committee Fails To Approve Spending Plan

by Christine Stuart | April 25, 2017 4:46pm

Christine Stuart / ctnewsjunkie HARTFORD, CT — After spending most of the day behind closed doors the Appropriations Committee declined to vote on a two-year, $41 billion spending package Tuesday.

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Sales Tax Proposal Pits Municipalities Against Nonprofits

by Jack Kramer | April 25, 2017 2:16pm

Jack Kramer / ctnewsjunkie HARTFORD, CT — The state’s largest organization of local leaders came out in support of a plan Wednesday to raise the state’s sales tax rate from 6.35 percent to 6.99 percent as long as the increased hundreds of millions generated would be sent back to the municipalities.

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Democratic Budget Proposal Increases Bottom Line, Eliminates Teacher Pension Shift

by Christine Stuart | April 25, 2017 10:34am

ctnewsjunkie file photo HARTFORD, CT — (Updated 11:47 a.m.) The Democratic-controlled Appropriations Committee would increase spending by about $200 million each year over Gov. Dannel P. Malloy’s proposal, but it would spare municipalities the burden of picking up the $400 million in teacher retirement costs.

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Public Will Weigh In On Revenue Options; Appropriations Schedules Vote On Budget

by Christine Stuart | April 25, 2017 5:28am

Christine Stuart / ctnewsjunkie HARTFORD, CT — The Finance, Revenue, and Bonding Committee will hold a public hearing on several tax increases Tuesday. And after a day of speculation about whether they could pull it off, the Appropriations Committee has scheduled a vote on a spending package.

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