News
New CT debt report offers sobering look at state finances
May 12, 2023
Pew analysis shows debt in state retiree health care program is among worst in U.S.
AI is here. Connecticut is scrambling to set standards.
May 11, 2023
Connecticut jumped into the fast-changing world of artificial intelligence Thursday with the Senate’s unanimous passage of a bill that would place the state among the first to begin setting standards for the use of AI tools.
Lamont Pressures Lawmakers to Include Debt Cancellation Provision in Budget
May 11, 2023
At the request of his mother, Dennis Thomas went to a doctor just to make sure everything was fine.
CT Senate GOP budget plan calls for $750M in annual tax relief
May 10, 2023
Pitches budget with $750 million per year in relief, relies on big savings from freezing vacant state jobs
Senate Republicans Weigh In With Budget Proposal
May 10, 2023
Senate Republicans weighed in on ongoing state budget negotiations Wednesday with a two-year, $50.4 billion tax and spending plan that prioritizes income and property tax relief while making cuts to state agencies.
Lamont Says His Budget Is Best
May 09, 2023
Connecticut Gov. Ned Lamont sought to build support for his budget proposal Tuesday, focusing on the fact that his spending plan includes deeper tax cuts than the Appropriations Committee’s proposal.
Retirement Savings Headed For Cities and Towns
May 04, 2023
Towns and cities in Connecticut could save more than $33 million next fiscal year under an agreement, announced Wednesday by Comptroller Sean Scanlon, which would restructure a state-run pension plan for municipal workers.
Lamont renews commitment to CT budget caps, tax relief
May 03, 2023
As final budget talks near, governor says state is investing more in key areas but can’t do everything.
MyCTSavings Registration Deadline Extended
May 03, 2023
If you own a business with 5 or more employees and do not offer a qualified retirement savings plan, state law requires that you provide a retirement savings option. Initial registration deadlines have passed, but you can still take action by August 31, 2023. Employers can register with MyCTSavings at no cost to the business, or provide a private retirement plan to comply with the law. Learn more and register at https://myctsavings.com/employers/program-details.
Poll: Voters like Lamont and tax cuts, open to higher spending
May 02, 2023
Wesleyan poll finds voters, unlike the governor, favor higher taxes on the wealthy
CT remains on pace for big surplus, but revenue begins to slow
May 01, 2023
Consensus Revenue Forecast shows $2.9B surplus, $400M less than expected
CT budget battle heats up as Lamont offers rosy financial picture
April 27, 2023
Critics say governor is exaggerating aid for towns, higher ed.
Finance panel: Next CT tax fairness study must focus on inequality
April 27, 2023
Critics say last study ignored impacts of several state taxes.
Connecticut Completes Hero Pay Program for Essential Workers
April 26, 2023
State Comptroller Sean Scanlon announced that the Premium Pay program, also known as Hero Pay, has concluded after providing one-time payments of up to $1,000 to 157,811 essential workers. The program, which was approved by the Connecticut General Assembly in 2022, aimed to provide support to the critical workforce that kept the state operational during the COVID-19 pandemic.
How do Lamont’s budget, income tax cut proposals compare to the legislature’s?
April 24, 2023
Last week, the Connecticut General Assembly’s Appropriations Committee endorsed a $51 billion budget for the next two fiscal years, and the Finance Committee endorsed a $300 million state tax-cutting plan that includes income tax rate reductions.
NASBA Extends CPA Exam Testing Window to 30 Months
April 24, 2023
In response to feedback submitted through the exposure draft, NASBA has announced that it will adopt an increased testing window of 30 months.
CT legislative leaders and Lamont are gridlocked on spending cap
April 20, 2023
Governor demands gimmick-free budget, Ritter warns Lamont could stand alone.
CT income tax rate cut OK’d by finance committee
April 19, 2023
But overall tax-cutting plan is less generous than Gov. Ned Lamont’s proposal
CT may need to work around budget cap, top lawmakers hint
April 19, 2023
Core education, health care and social services could be at risk without more funding, they say.
Finance Panel Advances Revenue Package, Including Tax Cuts
April 19, 2023
The Connecticut legislature’s finance committee advanced a two-year tax plan on Wednesday that disqualifies some wealthier households from the income tax cuts proposed by Gov. Ned Lamont while broadening an expansion of the Earned Income Tax Credit for the working poor.