Forecast says CT's 'fiscal cliff' will be gone when pandemic aid expires
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?
Source: hartfordbusiness.com
