News
Is CT's budget boom over? Report likely to show eroding revenue
November 09, 2023
New report expected to show finances remain balanced, but days of huge surpluses are over for now
CT businesses will dodge federal unemployment tax hike next year
November 08, 2023
CT repaid $1.2 B borrowed during pandemic to pay jobless benefits.
Low Voter Turnout, Absentee Ballots Make Headlines Across The State
November 07, 2023
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.
Moore: ‘It's a Bridgeport Problem'
November 02, 2023
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.
Department of Consumer Protection Announces Adult-Use Cannabis Transaction Limit Increase
November 01, 2023
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.
Another looming fiscal challenge in CT: State retiree health care
October 26, 2023
While pension debt grabs headlines, retiree health care funding is worse off.
Connecticut Releases Guidelines for CPA Exam Credits of Candidates
October 25, 2023
Connecticut has passed four directives regarding CPA Exam credit retention.
Task Force Begins Work to Eliminate Motor Vehicle Tax in Connecticut
October 24, 2023
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.
Tong Joins AGs in Dozens of States to Sue Social Media Giant Meta
October 24, 2023
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 influx of 81,000 people from other states in 2022
October 23, 2023
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.
CT's richest should pay more tax on investment income, senator says
October 19, 2023
Analysis shows filers making $1 million or more get most income from investments, not wages.
Scanlon: More Than 20k Private Sector Workers Participating in State-Run Retirement Plan
October 19, 2023
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.
Nonprofit arts orgs contribute $1 billion to CT economy, report finds
October 16, 2023
Americans for the Arts survey highlights jobs created, money spent; economic development leaders say value extends beyond the numbers.
What CT's first-ever long-term tax strategy will mean for you
October 11, 2023
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.
SBA lending in CT increased 18.5% in fiscal 2023; M&T Bank, Webster Bank are top lenders
October 05, 2023
The U.S. Small Business Administration’s Connecticut District Office facilitated $362.2 million in lending to the state’s small businesses over the last 12 months, an 18.5% increase over the previous year. SBA’s recently completed fiscal year ran from October 2022 to September 2023. During that time, the Connecticut office oversaw 834 traditional loans, a 12.7% increase from a year earlier, according to newly released federal data.
Connecticut Braces For A Federal Government Shutdown
September 29, 2023
As Congress appeared increasingly unlikely to pass a stopgap funding bill this week, residents and state officials braced for the impact of a potential shutdown of federal government operations in Connecticut.
Governor Lamont Releases $24.5 Million in State Grants to 60 Small Towns for Infrastructure Improvements
September 29, 2023
Governor Ned Lamont today announced that he is approving the release of $24.5 million in state grants for 60 small towns in Connecticut that will be used to complete a wide variety of infrastructure improvements, such as road safety reconstruction projects, sewer and drainage upgrades, sidewalk and pedestrian safety enhancements, recreational facility upgrades, and other kinds of capital improvement projects.
Governor Lamont Announces Launch of CTParks.com: A Cutting-Edge Website Showcasing Connecticut State Parks
September 20, 2023
Governor Ned Lamont today announced the launch of CTParks.com, the new official website for Connecticut State Parks. The website offers visitors with an innovative online platform showcasing Connecticut State Parks in a more exciting, user-friendly way to help them engage with, learn about, and access state parks and the areas around them.
Child Poverty Doubles Nationwide; Debate Rages Over Tax Credits
September 18, 2023
Policymakers and advocates disagree on what, if anything, the Connecticut legislature should do next session after data from the U.S. Census last week showed child poverty doubled nationwide.
Connecticut's Minimum Wage to Increase by 69 Cents in January
September 18, 2023
Connecticut’s minimum wage will rise to $15.69 in January under the first annual adjustment required by a 2019 law tying the wage to the employment cost index.