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Connecticut has achieved a significant milestone in its economic recovery from the pandemic, with the latest jobs report indicating a robust increase in employment and a stable low unemployment rate. The Connecticut Department of Labor released the October jobs report, revealing that the state added an estimated 3,700 jobs last month. Additionally, September’s job estimates were revised to show an increase of 3,700 jobs, marking a consistent growth in the labor market.

Associations representing Connecticut municipalities expressed skepticism this week of an effort to eliminate the state’s car tax, a deeply unpopular but reliable source of critical revenue for towns and cities.

Governor Ned Lamont today announced that businesses in Connecticut will receive a nearly 10% decrease in rates for workers’ compensation insurance beginning on January 1, 2024. The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% to voluntary market loss costs and a decrease of 10.5% in assigned risk plan rates.

New report projects $460 million in revenue erosion over two years, but budget surpluses are still expected.

Gov. Ned Lamont’s choice to oversee economic development in Connecticut is Daniel H. O’Keefe, who left the technology investment world earlier this year and talked himself into a job as the state’s first chief innovation officer.

The average small business loan interest rates range from 5% to more than 11%. High-interest rates and limitations on traditional loans can impede small business owners’ ability to borrow money to reinvest in or expand their businesses. Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund is focused on helping small businesses and nonprofits thrive. This low interest, fixed 4.5%, loan program provides access to flexible funding for capital expenditures and working capital and connects business owners with free support services. Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund is focused on helping small businesses and nonprofits thrive. This low interest, fixed 4.5%, loan program provides access to flexible funding for capital expenditures and working capital and connects business owners with free support services.

New report expected to show finances remain balanced, but days of huge surpluses are over for now

CT repaid $1.2 B borrowed during pandemic to pay jobless benefits.

Political newcomer Arunan Arulampalam declared victory Tuesday night, winning with 69% of the vote, making the son of Sri Lankan immigrants the next mayor of Hartford.

What separated the Democratic primary election overturned Wednesday by a Bridgeport Superior Court judge from previous elections in Connecticut’s largest city was not allegations of absentee ballot fraud, but rather physical evidence to prove it, Sen. Marilyn Moore said Thursday.

The Department of Consumer Protection notified adult-use cannabis licensees that beginning December 1, 2023, transaction limits for adult-use customers will increase to 1/2 ounce of raw flower or the equivalent per transaction. The limit for medical marijuana patients is unchanged and they may purchase up to 5 ounces per month and are not subject to individual transaction limits.

While pension debt grabs headlines, retiree health care funding is worse off.

Connecticut has passed four directives regarding CPA Exam credit retention.

A new legislative panel began Monday the fraught task of identifying ways to eliminate the regressive and widely disparate motor vehicle property tax and replacing the revenue which Connecticut towns and cities rely on to run municipal governments.

Attorneys general in 32 states including Connecticut are suing Meta — the company that owns Instagram and Facebook — arguing the social media giant intentionally used harmful features designed to addict young people, Attorney General William Tong said Tuesday.

Connecticut saw a net increase of roughly 81,000 people moving into the state in 2022, according to newly released state migration data from the U.S. Census Bureau, again reversing a long-time trend of losing residents to other states before the onset of the COVID-19 pandemic.

Analysis shows filers making $1 million or more get most income from investments, not wages.

More than 20,000 private sector workers were participating in a state-run retirement savings plan, Comptroller Sean Scanlon announced in a Wednesday update, which followed a late-August registration deadline and found around 6,000 employers registered with the program.

Americans for the Arts survey highlights jobs created, money spent; economic development leaders say value extends beyond the numbers.

Mark Boughton, commissioner of the state Department of Revenue Services, described a new effort to formulate CT's first-ever long-term tax strategy recently at a forum in Hartford sponsored by the Yankee Institute.