Keith M. Phaneuf / CTMirror.org
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Connecticut’s regional university and college system could eliminate more than 3,500 full and part-time jobs — including 654 layoffs — while boosting student tuition and fees by as much as $1,000 by 2025, based on funding in the latest state budget proposal.
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A labor arbitrator has ordered $45.4 million in bonuses for 36,000 essential state employees, about $1,200 per worker, to recognize the risks they faced staffing essential services, with no vaccine protection, during the worst of the coronavirus pandemic.
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Governor's biennial plan would preserve fiscal guardrails, bolster education aid to towns and curb medical debt.
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The United Way of Connecticut, which projects the basic, “survival budget” here for a family of four exceeds $90,000 per year, also is watching closely for Lamont’s assessment of inequality.
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Expanded earned income tax credit would save families an estimated $211 extra per year on average.
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When it comes to taxes, the question state officials are trying to answer this year isn’t whether to cut them. For Gov. Ned Lamont and the General Assembly, the larger issues are how deep to cut — and who should benefit.
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Gov. Ned Lamont unveiled a proposal Wednesday to cut taxes on more than 120,000 small and mid-sized businesses, saving them collectively as much as $60 million annually starting in 2024.
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Analysts say General Fund will close with a $3.1 billion surplus next June, a 14% cushion.
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Officials agree that CT needs to spend more or risk losing taxpayer confidence and its ability to maximize federal aid.
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Allowable growth in next state budget could approach $1 billion as lawmakers eye more funds for towns, child care and education.