Keith M. Phaneuf / CT Mirror
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State will collect another $1.3 billion next year, but lawmakers can’t spend it.
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The main expense is legacy debt, not the cost of benefits for present-day, public-sector employees.
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Four months after Democratic legislators left key accounts in the new state budget underfunded by hundreds of millions of dollars, Republicans are still waiting for an opinion on whether the process was legal.
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Republican state lawmakers call again for special session to address energy costs in ºÚÁϳԹÏÍø.
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But the $1,760 maximum assistance level projected for the ºÚÁϳԹÏÍø Energy Assistance Program is below aid levels offered in recent years.
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With ºÚÁϳԹÏÍø’s rainy day fund now projected to approach $4.1 billion — seven years after it held about 1/20th of that total — calls to reassess what many call the state’s aggressive savings programs continue to grow.
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Senate leader also will renew debate on statewide property tax on high-value houses.
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ºÚÁϳԹÏÍø’s trucking industry will face a small tax hike next month when the state tax on diesel fuel rises slightly more than 3 cents per gallon.
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New tax information project ºÚÁϳԹÏÍø's budget surpluses would top or approach $1 billion through 2026.
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Gov. Ned Lamont will unveil a $26.1 billion budget Wednesday for the next fiscal year that features few new initiatives and a plan to dramatically reduce ºÚÁϳԹÏÍø’s bonded debt using rapidly accumulating reserves from its transportation program, according to sources familiar with the plan.