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CT Comptroller Lembo projects FY2021 deficit of $615.2M

Lembo credited the state's housing market for helping the local economy.

Comptroller DiNapoli: NYS economic situation grows worse

According to a report today by New York State Comptroller Thomas DiNapoli, the state's tax receipts in May were down $766.9 million or 19.7%...

COVID-19 hits Cuomo family; 25 dead in Westchester; governor blasts FEMA

Gov. Andrew M. Cuomo reported today that his brother, CNN journalist Chris Cuomo, has tested positive for COVID-19. He is quarantined in the basement of his house in order to protect his wife and three children.

Connecticut starts FY 2019 with projected surplus

However, Secretary of the Office of Policy and Management Ben Barnes acknowledged that his projections would "undoubtedly be revised" based on changing economic data.

Conn. legislature passes budget; Malloy expected to veto

Malloy's veto is expected to occur sometime today.

CBIA endorses GOP budget proposal ahead of today’s expected vote on...

"Now is the time for working together,” says Connecticut Business & Industry Association President and CEO Joe Brennan.

CT municipalities detail woes in face of budget impasse

Redding First Selectman Julia Pemberton called Gov. Dannel Malloy’s latest proposal “an outrageous approach to governing."

Minus budget, Connecticut officially in the red

The government will transfer $94 million from the Municipal Revenue Sharing Account, funded by one-half percent of the state sales tax, to offset the projected shortfall.

Connecticut Senate narrowly approves $1.57B union concessions deal

Lt. Gov. Nancy Wyman cast the tie-breaking vote in a Senate divided on the deal along party lines.

Gov. Dannel Malloy on budget impasse: ‘I’ve had enough’

The governor was scornful of state Democrats and Republicans alike for failing to vote on even a provisional budget.

No budget? No worries: Malloy drafting plan to maintain essential services

A detailed plan will be finalized and released publicly before June 30, the governor said.

CT GOP leaders push Democrats for May 5 budget vote

The move comes a day after Democrats proposed asking 169 towns to push out their local budget deadlines.

Malloy budget address seeks to narrow $1.7 billion gap

Malloy offered up $1.36 billion in new spending reductions and is seeking $700 million in annual state employee labor savings.

Malloy: Budget will include substantial state mandate relief for municipalities

Among other mandate relief proposals, specific provisions will eliminate spending caps for most municipalities.

Lembo: Connecticut facing $42 million deficit at end of fiscal year

The figure is significantly higher than the $5.7 million deficit recently projected by Policy and Management Secretary Benjamin Barnes.