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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?