by Christine Stuart | June 28, 2016 10:30am
Connecticut Republican lawmakers were surprised to read the Washington Post this weekend and learn that as a member of the I-95 Corridor Coalition, Connecticut has applied for a federal grant to launch a pilot program for a mileage tax.
Continue reading "Mixed Messages Sent Over Connecticut’s Exploration of A Mileage Tax" »
by Christine Stuart | June 27, 2016 12:02pm
Connecticut’s highways are among the busiest and most congested in the nation, according to a new report released by TRIP, a national transportation organization.
Continue reading "Connecticut’s Interstates Among Most Congested In Country" »
by Cara Rosner | June 16, 2016 10:40am
Connecticut businesses were spared from “sweeping” tax increases in the latest state budget, but should expect to see tax hikes at the municipal level, according to tax attorneys.
Continue reading "Tax Attorneys Skeptical of Election Year Budget" »
by Christine Stuart | June 9, 2016 9:10pm
Gov. Dannel P. Malloy vetoed two more bills Thursday, including one that was passed on the last night of session and another that would give a legislative committee the ability to evaluate the state’s tax incentive program for recruiting and retaining businesses.
Continue reading "Malloy Vetoes Lembo’s Bill Calling for Legislative Evaluation of Business Incentive Programs" »
by Terry Cowgill | June 3, 2016 5:30am
The news last week provoked an uneasy mixture of disgust and resignation. Only weeks after the General Assembly passed a budget that included lay-offs of state employees and cuts in services, the state Bond Commission approved $22 million in loans and grants for the world’s largest hedge fund whose chief is ranked ninth on the Forbes 2016 list of hedge fund managers.
Continue reading "OP-ED | Lembo Wisely Draws The Line On Crony Capitalism" »
by Christine Stuart | June 2, 2016 12:45pm
The state budget situation has remained static over the past month and the state is still experiencing a $259.1 million deficit for the fiscal year that ends June 30, according to state Comptroller Kevin Lembo.
Continue reading "Budget Deficit Doesn’t Budge" »
by Christine Stuart | May 23, 2016 2:05pm
Lawmakers passed a $19.76 billion budget for 2017 last week, mostly along party lines, that included no tax increases and more than $820 million in spending cuts.
Continue reading "ANALYSIS | Sullivan, Rating Agencies Signal Little Room For Error in CT’s Budget" »
by Christine Stuart | May 20, 2016 3:48pm
Lawmakers resolved the 2017 deficit last week when they sent a $19.76 billion budget to Democratic Gov. Dannel P. Malloy, but they’ve been unable to resolve the $259.1 million deficit in 2016.
Continue reading "Stubborn Deficit Remains In This Year’s Budget" »
by Christine Stuart | May 19, 2016 3:17pm
Two of the four Wall Street rating agencies lowered Connecticut’s credit rating one notch prior to an upcoming bond sale.
Continue reading "Two Wall Street Firms Downgrade Connecticut Bonds" »
by Christine Stuart | May 16, 2016 9:30am
On the campaign trail in 2014, Gov. Dannel P. Malloy was critical of how the legislature’s Office of Fiscal Analysis estimates future budget deficits, but the budget adopted last week by the General Assembly changes that practice.
Continue reading "Budget Bill Changes How State Will Estimate Deficits and Surpluses" »