Page 19 - Fiscal Analysis News Today

Less than 1% would be taken from the School Aid Fund

For more than a year, officials have been dreading “the fiscal cliff” — the chasm state programs would fall into once $3 billion in emergency federal pandemic relief expires. But a new forecast, showing state income tax receipts will grow for years to come, has shrunken that cliff to something less than a pothole.

“The racial wealth gap is wide and growing and we need innovative policies like Baby Bonds to begin addressing it right away," says Shira Markoff of Prosperity Now.

Senate Minority Leader Kevin Kelly of Stratford said an estimate from the Office of...

For more than a year, officials have been dreading “the fiscal cliff” — the chasm state programs would fall into once $3 billion in emergency federal pandemic relief expires. But a new forecast, showing state income tax receipts will grow for years to come, has shrunken that cliff to something less than a pothole. With inflation topping 8%, a war in Ukraine and Connecticut still down 74,000 jobs from pre-COVID-19 levels, is the news too good to be true?

Governor Ned Lamont and Office of Policy and Management Secretary Jeffrey Beckham released the following statements in response to the April 2022 Consensus Revenue Forecast that was issued this morning by the Office of Policy and Management and the Office of Fiscal Analysis.

A trio of large bills aimed at addressing youth mental and behavioral health are marching through the state legislature as lawmakers seek unprecedented investments into programs and services before the session ends on May 4.

A new bill in Connecticut would accelerate school financing from the state to districts with greater levels of student need.

As the legislative session heads toward its final week, energy and environmental measures geared to address climate change once again face a race against the clock — some of them for the second year in a row. Disputes over details appear to be ironed out or close to it, though Republicans remain generally opposed to the highest-profile bills.

Disputes over details appear to be ironed out or close to it, though Republicans remain generally opposed to the highest-profile bills.