Budget

Connecticut lawmakers have approved a two-year, $46.3 billion state budget on the final day of the legislative session

State lawmakers have passed a highway trucking fee expected to raise $90 million for the transportation fund, but opponents say it will raise prices for everyone and put an undue burden on some businesses in the state.

Connecticut state Senators were debating the state budget on Wednesday evening.

The House of Representatives passed a two-year, $46.7 billion state budget deal that lawmakers said will help guide Connecticut as it continues to emerge from the devastating COVID-19 pandemic that left more than 8,200 people dead and double-digit unemployment rates in some communities. “It’s time to press the reset button on those issues,” said Rep. Toni Walker, D-New Haven, co-chair…

House Passes $46.7 Billion Budget

With just a little over a day left in the legislative session the House of Representatives is debating the budget bill. If it passes, it will head to the Senate.

Transportation Climate Initiative proponents rallied outside the state Capitol Friday to encourage lawmakers to pass legislation that would create a carbon cap on transportation emissions. It will likely increase gas taxes – and that’s a point of contention.

Transportation Climate Initiative proponents rallied outside the state Capitol Friday to encourage lawmakers to pass legislation that would create a carbon cap on transportation emissions. It will likely increase gas taxes – and that’s a point of contention.

Gov. Ned Lamont said Thursday he is working with legislators on finalizing a balanced budget. “I can only support an honestly balanced budget that is in balance. A budget that takes care of group homes. A budget that doesn’t leave an enormous cliff in the out years,” Lamont said. House Speaker Matt Ritter says it appears unlikely some proposed...

Gov. Lamont and Democratic legislators are still trying to reach a deal on a two-year state budget before the end of the session next week.

The legislature’s budget-writing committee wants to use an increase in taxes on the wealthy to help pay for tax breaks for the poor and moderate income. But not everyone believes it will address income inequality.  “Connecticut has had racial and economic disparities for some time. The pandemic didn’t create it. It’s just illuminating it,” Rep. Jillian Gilchrest (D-West Hartford)...

Maggie Johndrow, Financial Advisor & Partner at Johndrow Wealth Management, explains what you need to know.

A budget battle looms in New Haven as the mayor looks to close a budget gap.

As people continue to struggle with job loss and budgets get tighter, a lot of Americans are really concerned about putting food on the table. Grocery prices across the country have risen since the start of the pandemic — and with many of us still homebound due to COVID-19 and cooking more often, many Americans are spending more on groceries...

You don’t have to break the bank to prove your love.

In a financial news conference Thursday, New Haven budget director Michael Gormany said the city’s budget for this year is projected to come up short. “Depending on where we end up, the deficit I think could land between $13 and $16 million,” said Gormany. “The city is doing everything in its power they can to maximize savings on city expenses…

New Haven’s mayor said Thursday the city could be facing a $66 million budget shortfall in the next couple of years.

Gov. Ned Lamont gave business leaders a relatively optimistic outlook Friday by telling them he has “no interest” in raising taxes and doesn’t foresee slashing funding for social services in his two-year state budget, which is due Feb. 10. The Democratic governor told members of the Connecticut Business and Industry Association that Connecticut still has roughly $3 billion in its…

For the first time in decades, the state of Connecticut saw sales and income taxes increase 5% and help wipe out part of the state’s budget deficit.