UpdatedTue, Jan 19, 2021 at 1:57 pm ET
Reply(1)
By Scott Benjamin
A noted economist insists that there is no politically credible combination of tax reform or tax increases that will mitigate a projected combined state budget deficit of at least $10 billion deficit over the next three fiscal years.
University of Connecticut Finance Professor Fred Carstensen – the director of the Connecticut Council for Economic Analysis – wrote in a prepared statement to Patch.com that the state government faces massive deficits, much worse than those to which the state Office of Fiscal Analysis (OFA) – the General Assembly s fiscal arm – or the state Office of Management & Budget (OPM)– the governor s budget arm – admit.
Low- and middle-income families with children would receive their largest state income tax break in nearly a decade under a new proposal to be unveiled Tuesday by the new co-chairman of the legislature’s tax-writing panel.
Low- and middle-income families with children would receive their largest state income tax break in nearly a decade under a new proposal to be unveiled Tuesday by the new co-chairman of the legislature’s tax-writing panel.
As a business reporter, I write about small businesses opening and closing, manufacturing, food and drink, labor issues and economic data. I particularly love writing about the impact of state and federal policy on local businesses. I also do some education reporting, covering colleges in southeastern Connecticut and regional K-12 issues.
Erica Moser
As a business reporter, I write about small businesses opening and closing, manufacturing, food and drink, labor issues and economic data. I particularly love writing about the impact of state and federal policy on local businesses. I also do some education reporting, covering colleges in southeastern Connecticut and regional K-12 issues.