Connecticut Governor Dannel Malloy has released a preview of the budget proposal he’ll be presenting to state lawmakers on Wednesday. It includes a provision aimed at helping Connecticut taxpayers get around the new $10,000 federal limit on state and local property tax deductions.
The governors of New York, New Jersey and Connecticut say they intend to soon file a multi-state lawsuit against the federal tax overhaul law, over the partial loss of the deduction of state and local taxes.
Connecticut Governor Dannel Malloy says he has put hundreds of transportation projects across the state on hold until Connecticut lawmakers can come up with new revenue for the state’s Special Transportation Fund. He says about $4.3 billion worth of projects would be affected.