News
Municipal Leaders Say State Gov’t Is ‘Sitting On A Pile Of Money’ While Towns Are Forced To Raise Property Taxes
March 07, 2025
Municipal leaders from Connecticut communities small to large on Thursday demanded that the Lamont administration stop its practice of balancing the state’s budget on the backs of local property taxpayers.
CPA society leaders reiterate 150-hour pathway is not going away
March 06, 2025
As states explore alternative CPA licensure pathways, CPA society representatives addressed the misconception that they want to remove the 150-hour requirement during a recent webinar.
General Assembly Again Passes Special Education, Nonprofit Funding Bills
March 05, 2025
For the second time in eight days, the Connecticut General Assembly passed two emergency funding bills, but on Wednesday the legislation had the backing of Gov. Ned Lamont, who had vetoed last week’s original bills two days before.
Compromise would save Lamont from veto override on funding fight
March 04, 2025
Gov. Ned Lamont and legislative leaders said Tuesday they agreed on a compromise that would deliver $40 million in special education funding and $2.88 million in grants to Planned Parenthood and LGBTQ groups without a veto-override battle Wednesday.
Lamont Returns From India, Vetoes General Assembly’s Emergency Spending Plans
March 04, 2025
Gov. Ned Lamont returned from India with a new trade deal, a broken arm in a sling, and some stern comments for both major parties in the General Assembly about off-budget plans to increase spending by $42.88 million, mostly on special education.
FML's Bill Claffey quoted in the Hartford Business Journal article, “Proposed R&D tax credit boost 'a huge win' for CT bioscience firms.”
February 28, 2025
“There’s been a big push from BioCT and other legislative action groups” to support the increase, said Bill Claffey, a tax attorney and partner at accounting firm Fiondella, Milone & LaSaracina LLP. He participated in a panel discussion during the event.
Democrats Renew Push For AI Regulation In Connecticut Amid Economic, Ethical Concerns
February 27, 2025
As artificial intelligence continues to reshape industries and daily life, Connecticut lawmakers are once again proposing legislation to establish guardrails for its use
CT Senate Passes Emergency Certification Bills Amid Debate Over Process, Immigration, Special Ed Funding
February 26, 2025
The Connecticut Senate met for several hours Tuesday to debate a pair of emergency certification bills – House Bills 7066 and 7067 – that had passed the House the previous evening. Tuesday’s session reflected many of the same viewpoints and arguments previously voiced in the House.
With accounting profession facing staffing ‘crisis,’ lawmakers debate creating new pathways to earn CPA certification
February 26, 2025
The state legislature’s General Law Committee will conduct a public hearing Wednesday to consider a bill that would offer more flexibility for state residents to become a certified public accountant.
CT House takes issue with Lamont, Trump in emergency bills
February 25, 2025
The Connecticut House voted Monday night for two emergency bills, one reflecting a widening disagreement with Gov. Ned Lamont over spending and another responding to President Donald J. Trump’s crackdown on undocumented immigrants and LGBTQ services, including gender-affirming care.
UPDATED: DRS Grants All Three of CTCPA's Requested Filing Extensions
February 22, 2025
We asked the DRS to extend three deadlines from March 15, 2025 to April 15, 2025. Based on the DRS Commissioner’s authority to extend, due to statutory limitations, he was only able to extend two of the dates to April 15, 2025 as requested: Form CT-PET, Connecticut Pass-Through Entity Tax Return and Form CT-1065/CT-1120SI, Connecticut Composite Income Tax Return.
Analysts: CT is paying off pension debt faster than all other states
February 19, 2025
CT has saved 9% of budget on average since 2017.
CT legislators plan $40M in immediate special education funding
February 19, 2025
The Connecticut General Assembly intends to vote next week on a $40 million supplemental appropriation to help local school systems offset rising special education costs in the current fiscal year, legislative leaders said Wednesday.
Governor Lamont Proposes Additional Tax Relief: Increase the Property Tax Credit and Expand Eligibility
February 18, 2025
Governor Ned Lamont today announced that the fiscal year 2026/2027 biennial budget proposal he presented to the Connecticut General Assembly earlier this month includes a recommendation that the state’s property tax credit, which provides a credit to income tax filers for property tax payments made on eligible property, be increased to $350. Additionally, the governor is proposing to expand eligibility for the credit to include more income tax filers.
The regulatory forecast: Less, and lighter
February 18, 2025
Get ready for a very different regulatory environment.
Will Connecticut finally regulate artificial intelligence?
February 18, 2025
As a human being, James Maroney is a believer in the potential of artificial intelligence to do good.
Survey: Connecticut Residents Support Tax Credit For Family Caregivers
February 14, 2025
A recent survey commissioned by AARP Research revealed that a large majority of Connecticut residents support the implementation of a state income tax credit for family caregivers.
Lamont budget calls for CT to ramp up transportation projects
February 12, 2025
Lawmakers to explore new fees, but not from tolls.
Connecticut Nonprofits Warn Of Devastating Cuts As $19 Million Budget Shortfall Threatens Vital Services
February 11, 2025
Connecticut’s nonprofit service providers are facing a dire financial shortfall, with leaders warning Tuesday that a proposed budget cut could result in an effective $19 million loss in the first year, jeopardizing essential services for the state’s most vulnerable residents.
Connecticut Delegates, AG Respond To Concerns Over Unauthorized Access To Taxpayer Data
February 07, 2025
All five of Connecticut’s congressional delegates this week signed on as sponsors of the Taxpayer Data Protection Act, which aims to prevent unauthorized access to taxpayer information housed within the US Treasury Department.