Keith M. Phaneuf / CTMirror
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With Connecticut’s rainy day fund now projected to approach $4.1 billion — seven years after it held about 1/20th of that total — calls to reassess what many call the state’s aggressive savings programs continue to grow.
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Senate leader also will renew debate on statewide property tax on high-value houses.
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Connecticut’s trucking industry will face a small tax hike next month when the state tax on diesel fuel rises slightly more than 3 cents per gallon.
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New tax information project Connecticut's budget surpluses would top or approach $1 billion through 2026.
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Gov. Ned Lamont will unveil a $26.1 billion budget Wednesday for the next fiscal year that features few new initiatives and a plan to dramatically reduce Connecticut’s bonded debt using rapidly accumulating reserves from its transportation program, according to sources familiar with the plan.
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Projected tax receipts up almost $60 million next year, but Connecticut lawmakers may not get to spend them as hoped.
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Nearly 40 percent of Connecticut households are unable to afford the basics.
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Sales tax holidays — available this year in 19 states — are too limited to provide any meaningful tax reform, with wealthier households generally benefitting the most, according to a new analysis from a progressive policy group.
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Having just wrapped its third-successive fiscal year on pace for a budget surplus that tops $1 billion, Connecticut can expect another three years above or near the $1 billion mark.
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State's two year budget features middle class income tax cut and big new investments in local schools as it heads to Gov. Ned Lamont for his expected signature.