Popular Issues: Taxes & Government Spending

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Governor’s Debt Report Misleads on Magnitude of OPEB Liability Reduction

  • Jan 14, 2014
Governor’s Debt Report Misleads on Magnitude of OPEB Liability Reduction

Actual difference between Connecticut’s OPEB liability in 2008 and 2011 is only about $2B -- not $15B as the administration claimed.

Policy Research

Connecticut's Public Pension Liabilities: How Big Are They and What Can Be Done About Them

  • Sep 14, 2012
  • Connecticut Policy Institute
Connecticut's Public Pension Liabilities: How Big Are They and What Can Be Done About Them

With realistic accounting assumptions, Connecticut's unfunded public pension liabilities exceed $60B, $20B more than the state reports. The paper also compares lifetime public and private sector compensation in Connecticut and sets forth options the state has for reducing its liabilities.

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Bond Commission Poised To Borrow $628.4M

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Cities And Towns Looking For More Money

Policy Research

Connecticut's Economic Scorecard

  • Jul 24, 2013
Connecticut's Economic Scorecard

This scorecard presents both lagging and leading indicators of Connecticut’s economic wellbeing across five dimension: economic performance, health outcomes, fiscal policy, workforce quality, and regulatory climate. The scorecard compares Connecticut to the country as a whole and to other culturally similar states in the northeast.

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Crowd rips committee over proposed tax hike

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CT Borrowing for Road Expansion Like There’s No Tomorrow

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CT Government Weekly Rundown - August 18

  • Aug 18, 2013
  • Alexandra Forrester
CT Government Weekly Rundown - August 18

Obamacare heads to the beach. Plus updates on bonds, jobs, and education scores.

Blog

CT Government Weekly Rundown -- August 26

  • Aug 26, 2013
  • Alexandra Forrester
CT Government Weekly Rundown -- August 26

Back To Realty After "Tax Free Week" • Early Intervention Drags Out CT Foreclosures • Census Report Shows CT Has Nation's Most Generous Public Pension Benefits

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CT Government Weekly Rundown—September 16

  • Sep 16, 2013
  • Alexandra Forrester
CT Government Weekly Rundown—September 16

House Speaker To Revive Debate on Car Tax, Municipal Tax Reform • Audit of Connecticut's Community Colleges Finds Deficiencies

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CT Government Weekly Rundown—September 8

  • Sep 08, 2013
  • Alexandra Forrester
CT Government Weekly Rundown—September 8

One-Off Revenue Spikes Drive FY 2013 Budget Surplus • Bioscience Innovation Act Signed Sept 4 • CT Water Company Works for, and Gets, Lower Rates

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CT Legislature Approves Budget

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Education Advocates Relieved by Budget

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Fairfield County Fuels Record-Breaking Year For Estate Taxes

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Fitch Rates Connecticut’s $500MM GO Bonds ‘AA’; Outlook Negative

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FY 2014 Medicaid spending to exceed expectations

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Report: Connecticut is in a Fiscal ‘Hole’

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State Treasurer Press Release Includes Misleading Inferences About Bond Sales

  • Aug 20, 2013
  • Bloomberg
  • Fidelity
  • Ben Zimmer
State Treasurer Press Release Includes Misleading Inferences About Bond Sales

Low interest rates are a function of momentary quirks in national bond markets, not longer-term “enthusiasm for Connecticut debt.”

Blog

Summary of CPI Forum on Jobs Policy

  • Aug 13, 2013
  • Ben Zimmer and Alex Forrester
Summary of CPI Forum on Jobs Policy

Summary of the CPI's lunch briefing & policy discussion with John Rathgeber, CEO of the CT Business & Industry Association, on "What It Will Take to Get Connecticut Employers Hiring"

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Tax Credits Cut for Movie Industry

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Tentative Budget Deal Reached

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Connecticut budget will bear ‘deep cuts,’ Malloy says

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Connecticut to sell $200.9 mln of revs on Feb. 6

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CT to $56M in sequestration, with education, social services hit hardest

Bills

FY 2014 – FY 2015 Governor’s Budget

  • Mar 01, 2013
  • File Number 767
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Malloy’s ‘no tax increase’ budget sparks ideas to raise revenue

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Mayors Call Malloy Budget Dishonest, ‘Shell Game’

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Municipal Loss Is State’s Gain

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Nonpartisan analysts say state budget deficit approaches $140M

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Sequester Could Have Big Impact in Connecticut

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Stamford’s failed attempt at energy innovation cost taxpayers millions

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3 Months In & $27M In Red

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Are tax increases really out of the question in Connecticut?

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Casino slump adds to Connecticut budget woes

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Communities still feeling the property tax bite, municipal lobby says

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Comptroller raises deficit estimate by $50 million

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Conn. lawmakers honor victims at budget session

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Connecticut to delay Charter incentive package

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Connecticut’s Company Aid Shows a Jump

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Deal to trim deficit hits hospitals and businesses, cuts bonuses

Blog

Fact Check of Gov. Malloy's State of the State Address

  • Jan 10, 2013
  • Ben Zimmer
Fact Check of Gov. Malloy's State of the State Address

Governor Malloy’s 2013 state of the state address included assertions about Connecticut’s budget and economy that were, to say the least, dubious. Here is a fact-check of his most questionable claims.

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Gov. Malloy asks Republicans to help cut budget

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Gov. Malloy has plan to fix deficit

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Gov. Malloy says he’ll reveal Connecticut budget deficit remediation plan in week or 2

Bills

Governor’s Allotment Reductions Effective 11/28/2012

  • Nov 28, 2012
  • Implemented by Governor
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Malloy Orders $170 Million In Immediate Budget Cuts

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Malloy To Local Officials : ‘I Don’t Intend To Raise Taxes’

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Malloy’s budget chief confirms $365M state deficit

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Malloy’s Budget Cuts Hit More Than 275 Programs

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New Yorkers Pay Highest Tax Followed by New Jersey, Connecticut

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Projected deficit for next fiscal year is $1.1 billion

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Republicans Say Gov. Malloy Is Not Telling The Truth on the State Budget

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Revenues plunge, state deficit widens, forcing Malloy to close big gap

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Revenues shrinking faster than state is making cuts

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Special Session To Deal With Budget Woes Before Christmas

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State Deficit Grows As Spending Roars Along

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Stubborn Budget Deficit Tied To Declining Revenues

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UBS Gets Loan While Connecticut Economy Falters: Muni Credit

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Working Poor In All CT Towns Benefit From Tax Credit

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‘Cliff’ talks aimed at Social Security worry Connecticut AARP

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‘Negative Balance’ Prompts Request For Borrowing

Blog

State to Review Tax Incentives Policy

  • Jan 13, 2012
  • CT News Junkie
  • Office of Legislative Research
  • Council on State Taxation
  • Tax Foundation
State to Review Tax Incentives Policy

On Thursday, Governor Malloy signed an executive order creating a nine-person panel to review the effectiveness of tax credits in creating jobs.

Blog

Budget Passes

  • May 10, 2012
  • CBS News
  • Connecticut Mirror
Budget Passes

Covers $200M deficit from previous fiscal year through borrowing; adds $143M of new spending for coming fiscal year.

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Bridgewater expands in Connecticut as hedge fund gets tax break

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Budget hovers on brink of deficit as Malloy’s fiscal cushion erodes quickly

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Connecticut Balks as Debt Is Downgraded

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Cuts, borrowing proposed to close budget gap

Policy Research

Don't Kill the Golden Goose

  • Feb 11, 2011

This paper discusses the limits of Connecticut's ability to raise revenue through income tax increases given the state's highly mobile tax base.

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Faltering income tax widens deficit, threatens Malloy’s budget for coming year

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GOP: Malloy’s deficit fix won’t play on Wall Street

Bills

June 2012 Special Session Budget Implementation Bill

  • Jun 22, 2012
  • Passed Into Law
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Malloy Heads To China; World Of Change Since Last Governor’s Mission

Blog

Analyzing New Education Performance Index Results

  • Jan 07, 2014
Analyzing New Education Performance Index Results

Scores on New Education Performance Index Show Minimal Improvement, Little Correlation to District Spending

Blog

CT Government Round Up Weekly Rundown—September 30

  • Sep 30, 2013
  • Alexandra Forrester
CT Government Round Up Weekly Rundown—September 30

Debt Debates Heat Up as State Approaches Unofficial Bonding Limit • Commission Orders Newtown 911 Calls Released • CT Legislature Blocks Wind Power Regulations for Third Time

Blog

CT Government Weekly Rundown -- November 4

  • Nov 04, 2013
CT Government Weekly Rundown -- November 4

CT Begins Collecting Taxes on Amazon.com Sales • Audit Identifies Mismanagement in Dep't of Public Health

Blog

CT Government Weekly Rundown -- October 21

  • Oct 21, 2013
  • Alexandra Forrester
CT Government Weekly Rundown -- October 21

New Executive Order Aims at More Efficient Regulation • Audit of UConn Health Center Reveals Overspending

Blog

CT Government Weekly Rundown -- September 23

  • Sep 23, 2013
  • Alexandra Forrester
CT Government Weekly Rundown -- September 23

August 2013 Jobs Data Shows CT Continuing to Lag USA in Job Growth • State Sued for Allegedly Skimping on Education Funding • And More...

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Lembo hopes CT will move to disclose corporate aid

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Office of Fiscal Analysis Projects More Deficits

  • Nov 19, 2013
Office of Fiscal Analysis Projects More Deficits

The Connecticut General Assembly’s nonpartisan Office of Fiscal Analysis projected on Friday that Connecticut will face a $1.1 billion deficit in the fiscal year that begins in July 2015 and an even larger deficit the following year.

Blog

Statement on State Takeover of New Haven Open

  • Oct 10, 2013
  • Ben Zimmer
Statement on State Takeover of New Haven Open

Buying the rights to run the New Haven Open is just the latest example of the Malloy administration's flawed economic development strategy -- handouts to certain companies paid for by higher taxes on everyone else.