Fiscal Woes Continue to Haunt State; Path Forward Becomes Ever More Difficult The state just can’t seem to make the numbers do what it wants them to: head toward a positive trajectory. A look back at the 2016 Fiscal Year (FY), which closed on June 30th, illustrates in stark relief how difficult budgeting and revenue …
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Appropriations Committee Okays 2017 Midterm Budget, but it Won’t be the Last Word The ink was barely dry on the Appropriations Committee’s $19.9 billion alternative 2017 budget Wednesday when Governor Malloy announced that it did not cut spending deep enough and that he would produce yet another proposal next week to address the state’s growing …
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Finance Committee Calls it a Day, Approves Tax, Bond Other Revenue-related Proposals The Legislature’s Finance Committee today approved, along party lines, a proposed 2017 tax package that would support the budget approved by the Appropriations Committee yesterday. However, as many pointed out, the package does not include enough revenue to patch the entire deficit – …
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A Lot of Lemons: Governor, Legislature Face Growing Deficits In Current Fiscal Year and in 2017 as Election Year Looms for General Assembly You’d never know we are in Connecticut as the lemon trees seem to keep producing lemons. The problem is we’re running out of lemonade recipes. Just recently, the administration’s Office of Policy …
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Transportation Finance Panel Issues Final Recommendations The panel convened by the Governor to develop both short- and long-term financing plans to repair and improve all major components of the state’s multi-modal and integrated transportation system today issued its recommendations. These proposals would serve to keep the State Transportation Fund (STF) solvent, eliminate major bottlenecks, expand …
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The world may owe you a living, but you have to hustle to collect! –Unknown Governor Says Nyet to GOP’s Call for a Special Session to Repeal Unitary Tax As Three Panels Zero in on the Sensitive Topic Senate Minority Leader Len Fasano, R-North Haven, Friday implored the Governor to convene a special session of …
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State Tax Panel Hears Presentations on CT’s Competitiveness, Fiscal Health Members of the State Tax Panel today heard from two different academics about how the state measures up regionally and nationally in terms of its tax structure and the role of other fiscal variable in economic growth (see accompanying handouts). Some interesting takeaways from the …
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The first day of spring is one thing, and the first spring day is another. The difference between is sometimes as great as a month. – Henry Van Dyke Work Winding Down in All but a Handful of Committees; Appropriations and Finance Committees Continue Efforts to Craft 2016-17 Balanced Budget Despite Stiff Headwinds The Legislature’s …
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March is a month without mercy for rabid basketball fans. There is no such thing as a ‘gentleman gambler’ when the Big Dance rolls around. – Hunter S. Thompson Votes on Numerous Wage and Workplace Bills Anticipated Next Week As Labor Committee’s March 17 Deadline for Reporting out Bills Approaches The Legislature’s Labor and Public …
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February 25, 2019 Governor Lamont Unveils 2020-21 Budget Proposal In his inaugural budget proposal, Governor Lamont relied heavily on a broad expansion of the sales tax base to currently exempt goods and services to spread the pain and balance the budget for fiscal years 2020-21. While the proposal does not increase the rates of the …
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