Latest News

CT Income Lagging

According to a new report from the Pew Charitable Trust, personal income growth in Connecticut continues to lag the rest of the nation.

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Commission Begins Work

The special commission appointed by the legislature to consider Connecticut's competitiveness and fiscal issues has begun its work with a March 1 deadline to report back with recommendations.

At the opening meeting, the president and CEO of Stanley Works made a presentation on the state of the economy.

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Happy Days, Not Here Again

The state of Connecticut got a surprise windfall of $900 million in quarterly tax receipts at the end of the year, but already experts are warning it is not a sign of a trend and the law says most of it must go to the Rainy Day Fund rather than current deficit mitigation.

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2018 Potentially Pivotal

The combination of a growing state deficit, an election year, and the business sector perception that there is no long term vision for the management of Connecticut state government could lead to fundamental changes in the coming year. Or, none at all.

There is a growing consensus among observers of Connecticut government that the main threat to the state's economy is the sense in the private sector that the state legislature is lurching from crisis to crisis and has been for years. With this as background there is incentive for the legislature to make an effort to send signals that it is willing to commit to a more thoughtful approach.

One of the first tests will come next month when Governor Malloy presents his final budget proposal. He is expected to offer lawmakers a clear eyed forecast of the challenges state government faces and offer some very difficult choices about how to deal with them. At the same time, a legislatively created commission is expected to put forward recommendations by March 1 that will be described as necessary, but politically unpopular.

Which way the legislature decides to go is a policy decision that could make 2018 pivotal for the state's economy.

 

Fiscal Commission Meets

The newly formed Commission on Fiscal Stability and Economic Growth will hold its first meeting today(Friday). The 14-member group was created as part of the bipartisan state budget and will be responsible for developing and recommending policies to achieve state government fiscal stability and promote economic growth and competitiveness within the state.

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Pt. 3 - CT vs. MA Education

This week's concluding article in a series on education in Connecticut from CTMirror.org.

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MA vs. CT Education, Pt. 2

Part two of a three part series from CTMirror.org on education spending and results in Massachusetts and Connecticut.

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Education Comparisons

The CT Mirror is publishing a three-part series this week comparing the bang for the buck Massachusetts gets in the field of education vs. Connecticut.

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Traffic Jam

Governor Malloy is warning that the state's transportation budget is in serious crisis and may require big increases in fuel taxes to remain solvent. The other alternative is to dramatically curtail projects he considers vital to the state's transportation system and economy.

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Deficit Talks

Less than two months after it was approved, the new state budget is already more than $200 million in the red and the governor will meet this week with top legislative leaders to try to figure out what to do about it. A special session before February is possible.

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Stem Tax Credit

A tiny tax credit aimed at graduating STEM students could be just the type of incentive necessary to help keep top college students in Connecticut after graduation.

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A Budget in Trouble

It is becoming clear the recently approved state budget is leaking less than a month after it was approved.

The spreading red ink is proof to some that the spending plan put together over a period of ten months does not present long-term solutions to the state's fiscal challenges.

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