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Hartford Business Journal: Malloy proposes $300M in new revenue to mitigate cuts during CT budget gridlock
Gov. Dannel P. Malloy asked legislators to consider nearly $320 million in revenue increases to mitigate the massive cuts he would be forced to impose if Connecticut enters the new fiscal year Saturday without a budget.
CT News Junkie: State Will Use Rainy Day Fund To Close $107.2M Budget Hole
The state is expected to end the 2017 fiscal year with a $107.2 million shortfall, according a monthly budget report from Office of Policy and Management Secretary Ben Barnes.
Office of Policy and Management Releases Monthly Budget Report for June
The Office of Policy and Management is projecting a $107.2 million operating shortfall, an improvement of $215.5 million from its May 20th forecast. This change is due to $93.3 million in revenue transfers authorized by Public Act 17-51, the deficit mitigation bill, $54.3 million in other revenue improvement, and $67.9 million in reduced expenditures.
Amid a Tumultuous Legislative Season, Several Victories for Connecticut CPAs
This legislative session was a success for accountants. Our advocacy efforts successfully addressed several proposed bills of importance to the profession. Government Relations Consultant Craig Leroy is our “boots on the ground” each day at the Capitol, carefully tracking proposed bills and alerting us when issues arise that may affect the accounting profession. When a proposal requires our attention, Bonnie immediately heads to Hartford to begin discussions with key legislators...
Results of CTCPA Advocacy Efforts for the 2017 Session
Several times during the legislative session we asked you to contact your legislators and tell them how proposed bills would affect your profession, your company, or your clients. Below are details about the status of each of the bills and proposals we addressed this session:
2017 Connecticut Legislative Session Wrap-Up: Bill Status Updates
We have been actively tracking, addressing, and reporting on many legislative items relevant to accounting professionals at the Capitol this session.
Gov. Malloy, Lt. Gov. Wyman Applaud House Passage of a Lockbox Protecting Transportation Funding
Governor Dannel Malloy and Lieutenant Governor Nancy Wyman both applauded a bipartisan vote in the House of Representatives that adopted a resolution to approve a constitutional lockbox ensuring that funds earmarked for transportation can only be used for transportation.
House Inches Connecticut Closer to Tolls — but Stops Short
The House took a small step in the direction of bring tolls back to Connecticut by approving a constitutional lockbox dictating that funds marked for transportation can only be used for transportation - but tabled a measure to craft a plan to establish tolls in the state after 110 minutes of discussion.
Trump Transportation Plan Would Privatize Bradley’s Air Traffic Controllers
President Donald Trump's infrastructure plan rolled out this week includes privatizing the country's air traffic controllers - including the 17 currently directing travel at Bradley International Airport.
House Sends Municipal Relief Bill To Senate
After just three minutes of debate, a municipal relief bill passed the House with a vote of 149-0. The bill, which now heads to the Senate, would allow municipalities to adjust their budgets to allow for changes in state aid - a crucial step for municipalities that will likely have to adopt a budget before the state's budget is complete.

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