Cities and towns have been waiting since last fall to learn how much money they could receive from the state. That municipal aid was tied up in negotiations over tolls, but now that the issue has been tabled, the state legislature is moving ahead with this critical funding. Democrats said municipal aid accounted for about half the money in the…

New Haven Mayor Justin Elicker is on a mission to close a $45 million gap in city funding. In a budget proposal released Monday, the mayor says he’s requesting a 3.5 percent tax increase, funding cuts to several programs and plans to getting rid of several empty city positions. “We’ve reduced funding for Arts and Ideas, Tweed Airport, Town Green…

Newly elected New Haven mayor Justin Elicker released a budget proposal as he tries to close the city’s $45 million gap in funding.

The mild winter so far doesn’t necessarily translate to budget savings for the state DOT when it comes to snow removal costs.

President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

During his State of the State address today, Gov. Ned Lamont tackled many topics ranging from legalizing marijuana to sports betting. He also addressed the possibility of using state money to support programs like Planned Parenthood. Addressing the General Assembly Wednesday, Lamont proposed a budget that could help support programs providing women’s reproductive health care. “I think that everybody...

Gov. Ned Lamont made proposals on transportation, legalized marijuana, free community college, and more in his State of the State Address on Wednesday.

Gov. Ned Lamont kicked off the 2020 legislative session Wednesday with his State of the State Address, highlighting his priorities.

During his State of the State Address on Tuesday, Gov. Ned Lamont proposed using state money to support Planned Parenthood.

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. It will cost a middle-income married couple an average of $233,610 to raise a child from birth through age 17, according to 2015 data from the U.S. Department of Agriculture. In fact, your child is costing...

President Donald Trump has signed off on nearly $1.4 trillion in spending that will keep the government funded through Sept. 30. The spending measures add roughly $400 billion to the deficit over the next decade. They include money for the president’s U.S.-Mexico border fence, pay raises for military and civilian federal workers, and funding for election security grants.

Jackie Cucco, Senior Editor at The Toy Insider, showed us toys in every price range.

The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years. The 26% surge from the 2018 deficit of $779 billion that the government reported Friday reflected such factors as revenue lost from the 2017 Trump tax cut and a...

State Comptroller Kevin Lembo says Connecticut is on pace to end the last fiscal year with a $700.9 million surplus.

Connecticut Gov. Ned Lamont has signed a two-year, $43 billion state budget into law, noting the plan was passed on time and puts the state “back on track” financially.

A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing. “Tax refunds will go out,” Vought said.

New Haven Public Schools is cutting dozens of full-time employees, many of them school counselors, as the district continues to grapple with a budget deficit.

The New Haven public school districts has rescinded layoff notices sent to some part-time employees earlier this year.

More than 1,000 part-time New Haven public school employees might lose their jobs due to budget cuts, according to city officials.

City spokesman Laurence Grotheer said that 1,100 people are receiving the layoff notices, but it’s possible some of them may be rehired after officials look into adjusting job descriptions after summer vacation.