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Businesses Could Face Penalties For Failing To Register With Paid Leave Authority
Fewer than half of the state’s 100,000 businesses have registered with the state as part of the Paid Family Medical Leave program. Some 40,000 Connecticut businesses have registered with the state to withhold half of a percent from employee wages to pay up to 12 weeks of paid family leave benefits starting in 2022.
Pandemic eases, and complicates, legislating
The Democratic co-chairs of the legislature’s Labor and Public Employees Committee skipped the masks, but they undeniably were socially distant. Rep. Robyn Porter ran the meeting from her dining room table in New Haven. Sen. Julie Kushner participated from her den in Danbury.
Gov. Ned Lamont tells Connecticut business leaders he’s ruling out ‘broad-based’ tax increases
Gov. Ned Lamont on Friday ruled out “broad-based” tax increases, telling business leaders that higher taxes over the past 30 years have failed to solve Connecticut’s problems. “I’ve been pretty clear. I have no interest in broad-based tax increases,” he said, answering a question from Chris DiPentima, president of the Connecticut Business and Industry Association, during an online meeting of the state’s largest business organization.
CT budget leaders want to use massive savings to expand COVID-19 relief
While the rosy revenue projections have drawn a lot of attention recently, another factor — savings — is pumping hundreds of millions of dollars into Connecticut’s coffers. Gov. Ned Lamont’s administration expects to spend about $630 million less than legislators authorized, an amount nearly matching the cost of the state’s entire prison system and one-third of the state budget reserve.
Lamont to lead NGA task force on pandemic response
Gov. Ned Lamont will co-chair a National Governors Association task force on pandemic and disaster response, an appointment made by New York Gov. Andrew Cuomo, the NGA chair and a close collaborator in crafting a regional response to COVID-19.
Connecticut Joins NH Remote Work Income Tax Case
A question on the mind of every accountant and tax attorney since the coronavirus pandemic started is the subject of a lawsuit now before the U.S. Supreme Court. New Hampshire is challenging a Massachusetts measure that continues to tax nonresidents that formerly commuted to work in the Bay State, but now work from home because of the pandemic.
Funding to fix CT’s roads and bridges is drying up, and officials don’t have a solution
While the coronavirus dominated summer headlines, Connecticut’s five-year effort to accelerate the transportation rebuilding program slowed to a stroll on July 1. A risky initiative to force tolls — by borrowing and spending billions of extra dollars on new projects between 2016 and 2020 — concluded July 1, without those controversial fees or any other plan to pay for all of it.
Connecticut officials forecast budget surplus of $70 million this year after earlier predictions of $2B deficit; Wall Street records boost tax revenue
In a stunning turnaround, state budget officials predicted Friday that Connecticut will end the fiscal year with a small surplus of $70 million — despite financial problems related to the ongoing COVID-19 pandemic.
2021 Session Will Be Busy, Virtual
Balancing the state budget is usually the top priority for lawmakers and the governor at the beginning of a new two-year budget cycle, but the COVID-19 pandemic is competing and contributing to a budget deficit. The Office of Fiscal Analysis is predicting a $4.3 billion deficit of the next two years.
Lamont advisors recommend next group of CT residents eligible for COVID vaccine
A Connecticut advisory group has endorsed suggestions by the national Advisory Committee on Immunization Practices, which prioritized teachers, correctional staff, postal staff, grocery store employees and other “essential workers” for the next stage of the vaccine rollout, which could begin at the end of this month. Inmates and others in congregate settings such as homeless shelters, group homes and psychiatric facilities should be included in the next wave of those eligible to receive...