The Senate Tuesday night adopted, in concurrence with the House, a $24.2 billion FY23 midterm budget and tax package, which increases spending by $574.4 million, or 6.5 percent, over the current fiscal year. The bill was approved along party lines and now goes to the Governor for his signature. This election-year budget includes some $600 …
Keep Reading ›
Hopes for a bipartisan, election-year vote on a revenue package dissolved with the unveiling of the proposal in the Finance Committee Wednesday, with Republicans and a handful of Democrats voicing concern about the state’s revenue cap and the state’s long-term fiscal stability. Nonetheless the proposal, which includes a new child tax credit and Governor Lamont’s …
Keep Reading ›
The state House of Representatives today overwhelmingly approved a temporary suspension of the state’s 25-cents-per-gallon excise tax on gasoline and a second, one-week sales tax holiday on clothing and footwear under $100. The legislation also included provisions for suspension of public transit bus fares. The gas tax cut and the transit fare relief are effective …
Keep Reading ›
Hartford Business Journal: Former House Speaker Aresimowicz returns to state Capitol, lobbying for one of CT’s most influential firms March 14, 2022 Robert Storace https://www.hartfordbusiness.com/article/former-house-speaker-aresimowicz-returns-to-state-capitol-lobbying-for-one-of-cts-most HBJ PHOTO | STEVE LASCHEVER Gaffney, Bennett and Associates Inc. Managing Partner Jay Malcynsky (left) with the newest recruit to his New Britain-based lobbying firm, former House Speaker Joe Aresimowicz, …
Keep Reading ›
The CT Senate today approved, along party lines and in concurrence with the state House of Representatives, a measure codifying and extending certain Covid-19 Executive Orders (EOs) in whole or in part. Senate President Marty Looney, D-New Haven, said the Special Act approved by the General Assembly asserts the Legislature’s authority to review, oversee, and …
Keep Reading ›
Flush with billions of dollars in federal relief funding and a swelling budget surplus, CT Governor Ned Lamont today unveiled a proposed $24.2 billion midterm budget for FY23 that increases spending by 2.4% over the FY23 budget adopted last year. The budget proposal is $5.6 million below the Constitutional spending cap and has a built-in …
Keep Reading ›
Governor Lamont’s today provided a preview of a $336 million mid-term tax relief package he plans to present to the Legislature when it convenes the 2022 session on February 9th. Office of Policy and Management Secretary Melissa McCaw noted that, because Connecticut is using federal money from the American Recuse Plan Act to balance the …
Keep Reading ›
Though nothing is ever written in stone when it comes to the legislative process, some current dynamics are leading to speculation that the 2022 General Assembly session that convenes Feb. 9th could be a little less frenetic. These dynamics include: a projected FY 2022 operating surplus of $915.6 million and a Rainy Day Fund that …
Keep Reading ›
View Article
Interim Comptroller Natalie Braswell, flanked by the co-chairs of the Legislature’s Labor Committee and labor representatives, today announced the launching of a $34 million CT Essential Worker Covid-19 Assistance Fund to help those affected by the pandemic. The Fund was approved by the General Assembly to support the critical workforce that has helped keep the state …
Keep Reading ›
