News

Would ease budget caps to facilitate one-time $500 million giveback.

But lawmakers want to preserve new investments in education, child care.

The Auditors of Public Accounts in their annual report to the General Assembly are making several recommendations for legislative changes, including requiring signatures for payments over $50,000 and clarifying when quasi-public agencies must submit required annual and quarterly reports.

As the Connecticut General Assembly prepares to open its 2026 legislative session on Feb. 4, the state’s largest business organization wants to make sure legislators have the concerns of small businesses forefront in their minds.

CT still has $330 million available to supplement programs affected by Washington’s cuts to human services programs

Connecticut state lawmakers said Monday that they will propose a bill allowing state residents to sue federal law enforcement agents for violations of their constitutional rights.

Federal human service cuts, tariff costs push more kids into poverty

Gov. Ned Lamont signed an executive order Jan. 15 designed to improve application and renewal processes for permits, licenses, and certifications.

Connecticut employers will not face a federal unemployment tax increase in 2026.

Fifty-two out of Connecticut’s 151 state representatives were present for all of the 381 votes taken in the Connecticut House during the regular 2025 legislative session, thus ending up with perfect voting records.

Savers with qualifying MyCTSavings accounts were notified in November that their payroll contributions would be automatically increased by 1% in January 2026. Savers can opt-out of the increase or change their contribution rate at any time by logging into their online account. Annual Increases can help savers meet their retirement savings goals more quickly, without having to remember to make the change themselves. The Annual Increases occur each year until a saver reaches a maximum of 10%.

Workers earning minimum wage in Connecticut will get a small bump in pay, about $24 a week for full-time workers, after the state’s automatic increase went into effect this week.

[Commissioner Mark Boughton is] pleased to present the Annual Report of Taxes and Fees collected by the Connecticut Department of Revenue Services (DRS) during the 2024-25 fiscal year. Our report provides a comprehensive overview of the revenue DRS collected, thanks to the tireless efforts of our dedicated staff. Our agency reached significant milestones this year as we focused on our most important mission: Achieving the highest level of taxpayer compliance and contributing to Connecticut’s fiscal and economic well-being.

More than 20 new Connecticut laws will take effect in whole or in part on Jan. 1, 2026.

Governor Ned Lamont today announced that his administration has submitted a plan to the bipartisan leadership of the Connecticut General Assembly to tap into the recently created Emergency State Response Reserve in response to recent federal funding delays and reductions that have been made by the Trump administration and Congressional Republicans to essential health and human services supports that the residents of Connecticut depend on for some of their most basic needs.

State reserves would cover a moderate downturn for two and a half years.

The money will partly offset the loss of tax credits that subsidize health premiums under Obamacare.

$10 Billion of Added Deposits Since 2021; Improved Funded Ratios for SERS and TRS to 60% and 64%, Respectively, Up From 37% and 52% in 2018

The CTCPA, AICPA, and other state CPA societies wrote to U.S. Department of Education Secretary Linda McMahon imploring the department to include accounting as a professional degree.

Lawmakers willing to pay down debt more slowly, if households benefit.