Budget

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.

With the New Year less than two weeks away it’s time to start planning your budget pivot. Here are a few tried and true strategies for getting your financial house in order for 2021.

Financial Advisor Maggie Johndrow shares tips to get your finances in order.

Financial Advisor Maggie Johndrow explains how to set limits and stay on a budget.

A lot of the work health departments perform happens behind the scenes and out of the public eye.  According to their directors, most of those public health employees have not had a break since this pandemic started. “It seems like superhero hours, nights and weekends without breaks,” said Jennifer Muggeo, the deputy director for the Ledge Light Health District in...

The state is look at a $2.1 billion budget deficit for the new fiscal year but the state has a record amount in its rainy day fund.

With the state’s casinos closed for weeks, and with their traffic down during the pandemic, the payments they make to Connecticut from their slot revenues are down.

Mail could be delayed a day or more under proposed changes suggested by the new postmaster general, according to documents obtained by The Associated Press.

The 2020 U.S. Census is required for anyone living in the United States, but there are billions of reasons you’d want to take it: lawmakers use census data to divvy up money for important resources like hospitals, fire stations and roads. Lawmakers will rely on this year’s census data until 2030, so now’s your chance to make sure your household...

The City of New Haven announced they are reducing the police budget by $4 million and eliminating 48 positions in the department. The decision to cut the police budget was announced in the city’s annual budget for the 2020-21 fiscal year. A total of 48 positions within the police department, or 11% of personnel, will be eliminated. Also, the city…

Board of Alders navigates budget shortfall during the coronavirus pandemic.

With the coronavirus pandemic impacting tax revenues and other parts of the state’s budget, the governor says everyone has to be willing to help out

Connecticut has a near $1 billion budget shortfall on its hands.  Come July, the budget gap will grow by an additional $2 billion.   With so many businesses closed and people out work, Connecticut is not getting the tax revenue it’s used to. “The numbers are sobering.  I’ve got to tell you that COVID has been tough on our physical…

Despite the coronavirus pandemic, some government business continues. On Thursday, for the first time ever, Connecticut’s bond commission met virtually, to allocate more than $1 billion in funding approved by state lawmakers before closing down the Capitol in March. Included in the package is $5 million to fight the coronavirus. State leaders say Connecticut has received a significant amount of…