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Saturday, apr 27
Tag:
State Budget
Politics
New Report Reveals How CT Politicians Keep Unclaimed Money From Public
Billions of dollars in uncashed checks, forgotten insurance policies, and forgotten investments are being swept up by politicians in Connecticut, according to a new report from the CT Mirror. Between 2000 and 2021, the Connecticut Treasurer’s office reportedly colleges more than $2.3 billion through a state program that was initially created to return the unclaimed property and cash to investors. However, less than 40 percent of that money makes it back to its owners, according to the report, while the majority of the unclaimed cash has been going into the state’s general fund, making it e…
News
Cheers: Lamont Announces New Tax Reduction On Beer In Connecticut
Craft brewers in Connecticut are saying cheers, as taxes on beer in the state are set to decrease by nearly 17 percent under the newly enacted state budget. Gov. Ned Lamont made the announcement on Wednesday, July 14. Lamont said the decision was made to support the craft brewery industry. “Connecticut’s craft brewery industry has been booming in recent years, and it is evidenced by the growth of hundreds of new jobs for our state’s residents,” the governor said. “We should be doing everything we can to support locally-owned small businesses, including craft breweries." Lamont said a…
Schools
CT Schools Using Indian Mascots Could Lose Millions In Funding
Towns in Connecticut that continue using Native American mascots could take a financial hit under a newly proposed budget measure. A provision within the state budget implementer bill being voted on Tuesday, June 15 could potentially withhold funding to any Connecticut high school mascot or team that uses Native American imagery without one of the state tribe’s permission. At least a dozen high schools in Connecticut use Native American names and mascots, though many have already begun the process of phasing them out and implementing new ones. If approved, schools that don't comply would l…
News
New HS In Norwalk Will Save Local Taxpayers $100 Million
The new high school coming to Fairfield County will save $100 million thanks to the state's budget plan for the building. A new school building will replace the existing Norwalk High School and be built on the same campus. Classes will be held at the current building until the new building is ready, or parts of it said Senate Majority Leader Bob Duff. He made an announcement about the four-year project last week, along with city and school officials. The community response has supported the project, according to Duff. "So far, outside of a vocal few, the response has been ov…
Politics
Analysis Shows How CT Towns Fare In New State Budget
Connecticut's $43 budget that Gov. Ned Lamont is expected to sign on Wednesday, June 5 includes more than $2 billion for public schools in each of the next two fiscal years. In addition to Education Cost Sharing grants effective July 1, the two-year budget includes more than $290 million in each year distributed through a combination of non-education grants. These include: the Municipal Revenue Sharing and Stabilization grants, the Mashantucket Pequot grant and programs that partially reimburse communities for properties exempt from local taxes -- such as state land and buildings and no…
Politics
CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams
As promised by Gov. Ned Lamont, Connecticut's $43 billion budget is on time and balanced. That wasn't enough good news for 14 Senate Republicans and two Democrats who voted against it on Tuesday night, June 4. By a 20-16 vote, the Senate passed a two-year budget that Republicans complained is full of new taxes and shifts billions of dollars in pension debt onto the next generation of taxpayers. The budget erases a $3 billion deficit that Lamont inherited when he became governor in January. Lamont got the support of legislators in making new investments in health care and boostin…
Politics
Parting Plan? Malloy Offers Lamont Insights On Multi-Billion-Dollar State Deficit
During the gubernatorial debates, Democrat Ned Lamont said his first order of business would be to craft a fiscally-responsible state budget within 90 days. The clock is ticking, and outgoing governor Dannel P. Malloy offered the governor-elect some tips. Malloy suggested some strategies to avert a multi-billion-dollar deficit that Connecticut could face over the next two years — if solutions remain elusive. Malloy suggested that Lamont, a Democrat from Greenwich, tap into state reserves to avoid tax hikes. Other deficit-trimming options Malloy cited in his transition budget include: …
Politics
Big Win In Bridgeport Makes Lamont Apparent Winner In CT Gubernatorial Race
This story has been updated. Greenwich Democrat Ned Lamont pulled off a win in the Connecticut gubernatorial race after being credited overnight with a 15,931 win in the state's largest city, Bridgeport. Lamont also won the state's third-largest city, Hartford, by 17,238 votes. Republican Bob Stefanowski conceded the race for governor about 9 a.m. on Wednesday after late returns from the state’s cities pushed Lamont to victory. “A few moments ago, I called Ned Lamont to concede the race for governor and congratulate him on a hard-fought victory,’’ Stefanowski said in a statement. "I wish …
Politics
Second Governor's Debate Degrades Into Personal Attacks
Monday's second gubernatorial debate was less about budget details and more about personal attacks. "I'm not sure what you know,'' Republican Bob Sfefanowski said about Democrat Ned Lamont, prompting boos from the audience. "I've never heard such arrogance,'' Lamont said to groans. "My way or the highway. I'm right and you're wrong. You need a governor who can reach out across the aisles." Lamont and Stefanowski are running to succeed Gov. Dannel P. Malloy, a Democrat who decided not to seek re-election on Nov. 6. Monday's 60-minute televised debate was held at the Shu…
Politics
Gloves Come Off In Governor's Debate
Neither gubernatorial candidate pulled punches on Wednesday night in the first of four debates before the Nov. 6 election. Republican Bob Stefanowski of Madison came out swinging by labeling Democrat Ned Lamont as a clone of Gov. Dannel P. Malloy. "Dan Malloy has absolutely ruined this state. With Ned Lamont, it's actually going to be worse,'' Stefanowski said. "He's going to raise taxes and put up tolls." Lamont, a cable TV entrepreneur from Greenwich, swung back by saying he has heard no details about how Stefanowski would pay for his promises including income tax cuts. …
Politics
Stefanowski, Lamont Meet In First Of Four Gubernatorial Debates
New story - Gloves Come Off In First Governor's Debate The first of four debates between the candidates for governor will take place on Wednesday, Sept. 12. Voters can watch the debate on MyTV9 at 7 p.m. or on WTNH.com. For more details, click here. The debate is presented by News 8, The Day and the Garde Arts Theater in New London. In their political ads, Republican Bob Stefanowski has tried to link Democrat Ned Lamont to Gov. Dannel P. Malloy unpopular tenure. Lamont points out that Stefanowski has the backing of President Donald Trump. Both candidates have promised to fix Connecti…
News
Malloy Announces Support For Gas Tax Hike, Highway Tolls
Gov. Dannel P. Malloy announced his support Wednesday for highway tolls and a gradual increase in the gasoline tax to pay for road projects, according to multiple reports. Malloy says Connecticut's crumbling and overcrowded roads are costing the state jobs, and he says it's time to bring tolls back after three decades. The governor’s plan would bring tolls back by the year 2022. In the meantime, gas taxes would go up 7 cents per gallon over the next four years. "Our biggest impediment to an even more vibrant economy is our decade’s long refusal to invest in transportation,” Malloy sa…
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