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Articles

Malloy does what legislators won't: Orders $10 million study of tolling
Gov. Dannel P. Malloy ordered state agencies Tuesday to develop a comprehensive, $10 million study of electronic tolling that would examine pricing, locations, and the potential to capture revenue from out-of-state motorists.
Connecticut Joins Lawsuit Challenging Federal Tax Law
Connecticut joined three other states Tuesday and filed a federal lawsuit against U.S. Treasury Secretary Steven Mnuchin and the U.S. Internal Revenue Service over the new $10,000 cap on the federal tax deduction for state and local taxes. The lawsuit filed in the Southern District of New York argues that the new cap on the state and local tax (SALT) deduction was enacted to target Connecticut and similarly situated states, and interferes with states’ rights to make their...
KPMG to Add 110 New Jobs in Stamford
Governor Dannel P. Malloy today announced that KPMG LLP, the U.S. audit, tax and advisory firm, plans to add 110 jobs over the next five years in a new Stamford office. The company recently signed a long-term lease and plans to renovate space in the former UBS building at 677 Washington Boulevard, which it expects to occupy next spring.
Study: CT workers’ comp. reforms showing results
A change to Connecticut law has led to lower workers compensation payments for outpatient surgeries, according to a recent study by the Workers Compensation Research Institute.
CNBC: CT business climate ranked No. 37 in U.S
High costs and a slow-growing economy rank Connecticut's business climate among the 15 worst in the nation, according to a new study.
Hartford receives $10M insurer donations; budgets for ‘18-’19
Hartford officials on Monday confirmed receipt of a $10 million donation from Hartford's largest insurers, which pledged to financially support the city if it got its fiscal house in order. Mayor Luke Bronin says the city received the combined $10 million payment from Aetna, The Hartford and Travelers Cos. The funds are included in the city's 2018-19 fiscal year budget to support the Hartford Public Library, law enforcement and recreation.
Alliance: 41 Towns Deny Property Tax Exemptions for Nonprofits
Every four years since 1965, nonprofits have been required to remind municipal tax assessors why they should be exempt from property taxes. But according to a member survey conducted by the Connecticut Community Nonprofit Alliance, municipalities have been denying those tax exemptions on an increasing basis. About two thirds of the 35 nonprofits responding to the survey said their properties - which had a history of being tax exempt and had no changes of use - were...
State Boards Consider Technology Pathway
Attendees at NASBA’s Eastern and Western Regional Meetings are being asked to consider the concept of a Technology Pathway leading to the CPA license. Executive Vice President Colleen Conrad and Vice President – State Board Relations Dan Dustin are presenting the basic features of what is under consideration and asking those at the meetings for their input.
CT Builds its Budget Reserve — As Post-Election Deficits Loom Large
After three consecutive years of draining its emergency reserves, state government is on pace to deposit nearly $780 million in its rainy day fund.
Connecticut Labor Hopes To Blunt Janus
It was not unexpected, but the U.S. Supreme Court’s 5-4 decision in Janus v. AFSCME found government unions can’t force non-members to pay “agency fees” and it’s being framed by those who support the ruling as a blow to public sector unions. But public sector unions in Connecticut have been preparing for the decision by making their case to their employees to join the union and blunt any deleterious impact.

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