Conn. budget

Government
1:48 pm
Mon April 27, 2015

Conn. Lawmakers Respond To Malloy's Budget

File Photo- Connecticut Gov. Dannel P. Malloy delivers his budget address to the senate and house inside the Hall of the House at the State Capitol, Wednesday, Feb. 18, 2015, in Hartford, Conn.
Credit AP Photo/Jessica Hill

Update: April 30- The Connecticut Legislature's Finance Committee has approved a plan that includes tax hikes of $1.8 billion over two years.

The plan increases the income tax rate for Connecticut's wealthiest residents. It also lowers the overall sales tax rate, but extends it to new services, like accounting, dry cleaning, and veterinary services.

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Deal puts off reinstating some tax exemptions
5:55 pm
Fri May 2, 2014

Gov. Malloy and Conn Democratic legislative leaders announce a state budget deal

Conn House Republican Leader Larry Cafero responding to the Democrat's budget plan on Friday
Credit Ebong Udoma

Connecticut’s Democratic Governor Dannel Malloy and the Democrats who control the state legislature announced on Friday that they have reached an agreement on a revised budget. The $18.7 billion dollar budget deal follows the disclosure earlier this week that a $500 million budget surplus projected in January had shrunk to $43 million.

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OFA projects $69.4 million deficit for 2015
5:39 pm
Mon March 24, 2014

GOP leaders: Malloy's budget out of balance

GOP leaders in the Connecticut legislature criticized Governor Dannel Malloy’s budget projections on Monday. The Republican leaders said the numbers don’t add up in the governor ’s 2015 budget proposal. 

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Malloy wants a gas and sales tax refund
5:19 pm
Thu January 30, 2014

Malloy proposes spending surplus on a modest tax refund

Gov. Dannel Malloy
Credit Conn. Governor's Office

Connecticut Governor Dannel Malloy is proposing using some of the state’s projected budget surplus this year for a sales and gas tax refund. The governor’s refund proposal comes in an election year.

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Budget
10:47 am
Wed September 4, 2013

Conn. ends the 2013 fiscal year with a higher surplus than was expected

Its official, Connecticut ended the 2013 fiscal year in June with a higher surplus than had been projected. That's according to state Comptroller Kevin Lembo's letter to Gov. Dannel Malloy on Tuesday. The final audited statement for the fiscal year will be transmitted on December 31st.