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CT News Junkie: Up Next? A $3.5 Billion Budget Deficit
With $1.57 billion in labor concessions in the rearview mirror, legislative leaders have pivoted to the remaining two-year, $3.5 billion budget deficit.
Gov. Malloy and Lt. Gov. Wyman Applaud Final Approval of State Employee Concession Deal Saving Taxpayers over $24 Billion
Governor Dannel P. Malloy and Lt. Governor Nancy Wyman issued a news release applauding the final legislative approval of an agreement with the state employee unions on contract concessions that is estimated to save the state’s taxpayers approximately $24 billion over the next twenty years.
CT News Junkie: Wyman Breaks Tie In Favor of $1.57B Labor Deal
The $1.57 billion labor agreement passed the Senate Monday evening when Lt. Gov. Nancy Wyman broke a party line tie vote. Debate on the labor agreement started around 2:25 p.m. after three Democratic Senators conveyed a list of a dozen “systemic” reforms for setting Connecticut on a better fiscal path to Senate President Martin Looney, D-New Haven.
CT Mirror: House Approves Union Concessions Deal
The House of Representatives on Monday narrowly approved the state employees’ concessions deal that is expected to save as much as $1.57 billion this fiscal year and next combined.
CT Mirror: Many Towns Begin Cutbacks in Anticipation of Lean CT Budget
Nearly half of Connecticut cities and towns participating in a recent survey have frozen spending or cut services in response to state budget gridlock and the associated threat of reduced municipal aid, the Connecticut Conference of Municipalities reported Monday.
Malloy now projects slight CT budget surplus for last fiscal year
After facing a projected deficit of nearly $400 million three months ago, Connecticut may have ended the last fiscal year with a slight surplus, Gov. Dannel P. Malloy’s administration reported Thursday.
Malloy, legislators struggle over uncertain path to a budget
Gov. Dannel P. Malloy and Democratic legislators are struggling to frame a budget deal that requires Malloy to compromise on taxes, liberals to accept structural changes in municipal aid and moderates to embrace a new labor deal.
Employee Unions Endorse Concession Deal by Huge Margin, 83 to 17 Percent
State employee unions have overwhelmingly approved a $1.5 billion package of concessions over two years, providing major savings to help close the state budget gap and setting the stage for a tight vote by the legislature.
Governor Malloy signs Public Act No. 17-147, An Act Concerning State Taxation and Collection, Tax Gap Compliance, Tax Preparers and Facilitators, Changes to the Tax and Related Statutes, a Mental Health Community Investment Account and Municipal Bonds.
Governor Malloy has signed a new law, Public Act 17-147, portions of which make numerous changes concerning the Department of Revenue Services' (DRS) tax enforcement mechanisms and powers. The new law itself can be read here . The Office of Legislative Research’s summary of Substitute House Bill 7312, portions of which became the elements of Public Act 17-147 that deal with the Department of Revenue Services as referenced above, can be read here . Some background on the...
Governor Malloy signs Public Act No. 17-105, An Act Concerning Revisions and Technical Changes to the Tax and Related Statutes and Certain Exemptions from the Property Tax
Governor Malloy has signed a new law that makes changes to existing tax and related statues. The following is a summary of those changes as prepared by the Office of Legislative Research. Of interest are certain exemptions to the property tax as appear below.

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