Keith M. Phaneuf / CT Mirror
-
Gov. Ned Lamont’s budget proposal would keep ϳԹ on pace to dramatically accelerate the rebuilding of its aging highways, bridges and rail lines.But that increase also could leave the transportation program needing new revenues. And some legislators are exploring new ways to pay for it — including a potential surcharge on certain delivered goods.
-
After years of endorsing ϳԹ’s budget “guardrails,” Gov. Ned Lamont will propose a $55.2 billion, two-year budget Wednesday that maneuvers around these caps to invest big dollars in child care and offer a modest $50 income tax cut for middle-class households, according to sources familiar with the plan.
-
Reforms to the state’s savings program are expected in the new year.
-
The nonprofit groups also offered several reform options, including redesigning a controversial program to save volatile revenues and expanding allowable spending cap growth.
-
Analysis fuels advocates for new CT income tax break for families.
-
Though ϳԹ’s massive pension debt dominates the headlines, its tab for school construction, transportation work and other bonded initiatives also ranks among the heaviest burdens in the nation.
-
State will collect another $1.3 billion next year, but lawmakers can’t spend it.
-
The main expense is legacy debt, not the cost of benefits for present-day, public-sector employees.
-
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.
-
Republican state lawmakers call again for special session to address energy costs in ϳԹ.