Governor Lamont and his budget director, Melissa McCaw, gave an update on the state’s budget picture at his daily briefing today, as well as an overview of what Connecticut stands to receive from the federal government in COVID-19 relief. The Governor said the state is in “pretty good shape” through the end of the fiscal …
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(Hartford, CT) – At the direction of Governor Ned Lamont, and in recognition of the impact of COVID-19, the Department of Revenue Services (DRS) is extending the filing and payment deadline for gift tax returns until July 15, 2020. Gift tax returns reporting gifts made during 2019 are due April 15, 2020, and are reported …
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In his daily news update, Governor Lamont today announced a new agreement involving the state Department of Banking and some 50 state banks and credit unions that will provide temporary mortgage relief for residents and businesses affected by the coronavirus. The relief is applicable to residential and commercial mortgages. Under the agreement, participating financial …
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Below please find a succinct summary of the federal $2 trillion CARES Act as it pertains to small businesses (those with fewer than 500 employees) and nonprofits that will be available in the very near future. NOTE: If you have difficulty opening the links, copy them into a browser – e.g. Google Chrome, Internet Explorer, …
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At 6 p.m. today, the Department of Economic and Community Development announced it will stop accepting applications for the Connecticut Recovery Bridge Loan program, having received more than 4,000 applications since the program was launched yesterday morning. Within the last 24 hours, DECD, along with its partner, Connecticut Innovations, has added additional staff to process …
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Let’s start with the good news: today the stock market closed with all the major indices up! Lest we get too giddy, we are still in the thick of it. In his afternoon briefing today, Governor Lamont reminded listeners to continue exercising an abundance of caution and social distancing in order to try to arrest …
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In what will likely become a regular routine, Governor Lamont today held a news conference to bring the media and public up to speed on the status of COVID-19 operations statewide. At 8 p.m. this evening all non-essential businesses have been directed to close, and for those businesses that have been deemed essential, if there …
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Attached please find the legally binding guidance issued today by the CT Department of Economic Development providing further guidance on which businesses are deemed “essential” to public health and safety and the economy in Connecticut. Those covered in this guidance are not subject to the restrictions and closure requirements outlined in Executive Order 7H issued Friday.
Governor Ned Lamont and Department of Economic and Community Development Commissioner David Lehman today remarked that the administration’s efforts to get Connecticut’s fiscal house in order are succeeding as reflected in the U.S. Bureau of Economic Analysis’ announcement that Connecticut’s gross domestic product (GDP) increased by 2.1 percent during the third quarter of 2019. They …
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This is the annual OLR report which provides brief descriptions of important issues the General Assembly may face in the upcoming legislative session.
