taxes

Governor's biennial plan would preserve fiscal guardrails, bolster education aid to towns and curb medical debt.

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.

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.

Connecticut Republicans are proposing to reduce the cost of electricity by removing state taxes and surcharges from customer invoices.

Analysts say General Fund will close with a $3.1 billion surplus next June, a 14% cushion.

Officials agree that CT needs to spend more or risk losing taxpayer confidence and its ability to maximize federal aid.

Allowable growth in next state budget could approach $1 billion as lawmakers eye more funds for towns, child care and education.

Our weekly news roundup covers the tragic death of a state lawmaker in a wrong-way crash and the suspension of an attorney representing Alex Jones in Connecticut.

Programs that produced billions in budget surpluses will be tested as pressure for big tax cuts grows.

Sprague lawmaker says pension, annuity exemption needs to expand.