budget surplus

After a report this week that showed Connecticut’s budget surplus smashed historical records, lawmakers now agree it’s time to put some money back in your pocket with some tax breaks. But determining how is where the two parties are at odds. “What we’re doing is we’re taking the overcollection of the sales and use tax and the gross receipts...

Connecticut is flush with cash to the tune of $4 billion in surplus. So now what? CT Mirror reporter Keith Phaneuf has been digging into the budget data for decades and he understands the political decisions and how they impact how our tax dollars are spent. Mike Hydeck: “So have we ever had a surplus like this? Or is this…

There’s a big budget surplus expected this year and both Democrats and Republicans are saying it’s time to return some of that money to Connecticut taxpayers in the way of tax cuts. But what about the billions in long-term debt the state still has and the decades it’ll take to pay it off? NBC Connecticut’s Mike Hydeck spoke with...