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CT revenues surge by hundreds of millions of dollars

For the second time in four months, state tax revenues have surged by hundreds of. ....

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CT revenues surge by hundreds of millions of dollars

CT revenues surge by hundreds of millions of dollars
Should enable legislators to balance next 2-year budget without significant tax hikes
State revenue projections have boomed for the second time since January.
For the second time in four months, state tax revenues have surged by hundreds of millions of dollars, making it far easier for state officials to balance the next two-year budget without tax hikes.
Equally important, the latest consensus revenue report from analysts for Gov. Ned Lamont and the General Assembly upgraded revenue projects for the next two fiscal years combined by roughly $1.64 billion.
But because much of the growth is tied to volatile revenue sources, it doesn’t necessarily mean Gov. Ned Lamont and legislators are spared all tough choices. ....

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Senate Extends Lamont's COVID-19 Emergency Powers

Senate Extends Lamont's COVID-19 Emergency Powers
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Senate sends data center incentives and town aid pledge bills to Lamont's desk

By Keith M. Phaneuf, CT Mirror
Senate Democrats struck a compromise Monday with Gov. Ned Lamont to fast-track incentives for data center development in Connecticut while also addressing environmental concerns over their operation.
The Senate overwhelmingly gave final approval Monday to the data center incentives measure, as well as a second bill that pledges roughly $110 million to $120 million in new general government aid to cities and towns but doesn’t commit the funds right now.
Both bills cleared the House of Representatives last week and now head to Lamont, who is expected to sign both.
“There’s a recognition that with the new industry, particularly the data center industry, we need to have some environmental considerations in place,” said Sen. Christine Cohen, D-Guilford, who co-chairs the legislature’s Environment Committee. ....

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Data center deal in Senate clears way for development

Data center deal in Senate clears way for development
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