News
Legislative Leaders React To Survey Indicating Almost Half Of CT Adults Struggle Financially
December 04, 2024
State Republican lawmakers say a recent survey showing nearly 40% of adults in Connecticut are struggling financially should be “a wake-up call to all state Democrats.” Democrats, however, stress that now is the time to come together across party lines to respond to the needs of Connecticut families.
Comptroller Forecasts $190 Million Surplus At End Of FY 2025
December 03, 2024
State also announces milestones for pension debt reduction.
Governor Lamont, Comptroller Scanlon, Treasurer Russell Announce Connecticut Pension Funds Achieve Highest Funded Ratios in Nearly 20 Years
December 02, 2024
Governor Ned Lamont, Comptroller Sean Scanlon, and Treasurer Erick Russell today are highlighting the release of two reports detailing the significant improvements made in recent years to strengthen the long-term health of Connecticut’s pension funds for retired state workers.
Lamont warns ‘fixed costs’ will consume all revenue growth in next CT budget
November 21, 2024
State will collect another $1.3 billion next year, but lawmakers can’t spend it.
Governor Lamont Announces Businesses Will Receive a 6% Decrease in Workers’ Compensation Rates in 2025
November 20, 2024
Governor Ned Lamont today announced that the ongoing trend of decreasing rates in workers’ compensation insurance will result in Connecticut businesses receiving a 6% rate decrease beginning January 1, 2025.
Massachusetts Joins Flood of States Passing Pay Transparency Laws
November 20, 2024
On July 31, 2024, Massachusetts Governor Maura Healey signed the Frances Perkins Workplace Equity Act into law aiming to improve pay transparency and curb wage disparities. Massachusetts is the 5th state to pass pay transparency legislation in 2024 joining Hawaii, Illinois, Maryland, Minnesota, and Vermont. This trend began in 2019 with Colorado. Since then, California, Connecticut, Maryland, Nevada, New York, Rhode Island, and Washington have all passed similar measures.
Lamont moves to tighten CT spending despite projected surplus
November 15, 2024
The governor reversed his pledge to spare higher education from efficiency cuts.
Projected tax revenues surge, but CT can’t spend most of windfall
November 12, 2024
House speaker renews call for reforms to budget controls.
Despite A Red Wave Nationally, Connecticut’s Congressional Democrats Post Another Clean Sweep
November 06, 2024
With six of seven possible seats up for election this year, Connecticut’s congressional delegation remained in Democratic hands Tuesday following what was likely going to end up being five lopsided victories and one that was close in the 5th, once official results are in.
Election Day Roundup: Despite Bumps And More Than 740k Early Ballots, Turnout Stayed Brisk In Connecticut On Election Day
November 05, 2024
Connecticut voters turned out en masse Tuesday to cast their ballots, despite a large number of voters having already participated in early voting and submitting absentee ballots.
Upcoming 2024 Municipal Revaluations in Connecticut
November 04, 2024
A number of Connecticut municipalities listed below are scheduled to conduct real property revaluations effective October 1, 2024. Learn more from Pullman & Comley LLC >>
Mark Peterson Delivers Key Insights at AICPA Fall Council Meeting
November 01, 2024
At the recent AICPA Fall Council meeting, Mark Peterson, Executive Vice President - Advocacy, energized attendees with a comprehensive update on the current legislative, regulatory, and political landscape.
Governor Lamont Announces FEMA Amends Major Disaster Declaration for August Storm To Include Public Assistance Program
October 28, 2024
Governor Ned Lamont today announced that he has received notification from the Federal Emergency Management Agency (FEMA) informing him that the major disaster declaration President Joe Biden approved for Fairfield County, Litchfield County, and New Haven County as a result of the historic rainfall and extreme flooding that region of Connecticut received on August 18, 2024, has been amended to include the governor’s request for FEMA’s Public Assistance Program.
Could CT budget face emergency cuts despite plan to save $1.2B?
October 24, 2024
Medicaid, retirement benefits, drive nearly $400 million in projected cost overruns.
1,000 Crumbling Foundations Replaced
October 15, 2024
The Connecticut Foundation Solutions Indemnity Company (CFSIC) – the captive insurance company set up to provide financial assistance to homeowners whose foundations have crumbled because of the mineral “pyrrhotite” within the concrete – has reached a milestone.
CT to expand employer student loan repayment tax credit; eyed as worker recruitment, retention tool
October 14, 2024
Connecticut companies will soon have an added incentive to offer student loan repayment benefits to employees.
Boston residents face 28% tax hike as office values slump
October 10, 2024
Boston homeowners face a 28% surge in their tax bills if the Massachusetts legislature fails to sign off on a proposal to temporarily raise commercial rates before the end of next month, Mayor Michelle Wu said.
Governor Lamont Announces FEMA Disaster Recovery Center in Wilton Closing, Southbury Location Remains Open
October 10, 2024
Governor Ned Lamont today announced that the Federal Emergency Management Agency (FEMA) is making a schedule change to Connecticut’s two recently opened Disaster Recovery Centers (DRCs) that have been providing in-person support with applying for federal disaster assistance to those impacted by the August 18, 2024, severe storm and flooding.
Policy groups urge CT to intensify saving to end pension debt
October 02, 2024
Conservative think-tanks say CT’s children could be spared billions in legacy debt.
New Data Privacy Protections Lead List Of New Laws Taking Effect Today
October 01, 2024
A raft of changes to how Connecticut law protects sensitive medical information, minors from online threats, and misuse of social media lead a group of dozens of new laws that take effect today.