CT's 2025 legislative session begins this week. Here's what to …

Gov. Ned Lamont will present his proposal for a new state budget on Feb. 5, kicking off a process that culminates in negotiations between state legislative leaders and the governor’s office.

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House Adopts One Of The Largest Tax Cuts In CT History - CT Mirror

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May 2, 2022 · The budget also includes about $450,000 to allow the State Contracting Standards Board to hire new employees and give it its first investigative staff in its 15-year history.

ctmirror.org

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The Good, Bad And Uncertainty Of CT’s $43.4B Budget

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Jun 10, 2019 · Here’s an initial take on the good, bad and uncertainty created by this new state budget. ... which means the state will maintain one of its few competitive edges over its high …

hartfordbusiness.com

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What Is The SALT Tax Cap And What Could It Mean For 2025? - NBC …

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4 days ago · In 2017, the Tax Cuts and Jobs Act overhauled federal tax code, capping the SALT deduction at $10,000 per year for "property taxes plus state income or sales taxes." Most of …

nbcchicago.com

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The MTA Capital Plan Is Rejected. What Does That Mean?

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Dec 26, 2024 · It notably included $15 billion meant to come from – you guessed it – congestion pricing, which lawmakers and the governor approved as part of the state budget in 2019. That …

cityandstateny.com

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What's In Gavin Newsom's $323 Billion California Budget

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Jan 10, 2025 · Newsom intends to proceed with fully funding the state’s expanded early education programming, transitional kindergarten, to all eligible 4-year-olds. His budget would mean the …

calmatters.org

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Understanding The Governor’s 2025-26 State Budget Proposal

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1 day ago · Governor Gavin Newsom released his proposed 2025-26 California state budget on January 10, projecting a small positive balance of $363 million after two years of state budget …

calbudgetcenter.org

FAQs about CT's 2025 legislative session begins this week. Here's what to … Coupon?

How will Connecticut's New state budget affect you?

From tax cuts to commuter trains to education and health care, there's a lot to absorb in the new $51 billion state budget that received bipartisan support from Connecticut legislators. Here's a quick tour of how the new state budget might affect you. Most Connecticut residents will see a slightly smaller tax bill as a result of the new budget. ...

What do Connecticut residents need to know about the new budget?

Here's what Connecticut residents need to know. Connecticut lawmakers have passed a bipartisan budget, funding a slew of new programs and initiatives. From tax cuts to commuter trains to education and health care, there's a lot to absorb in the new $51 billion state budget that received bipartisan support from Connecticut legislators. ...

What does the new budget mean for Connecticut's working poor?

The new budget also will include Lamont’s proposal to bolster the income tax credit for Connecticut’s working poor from 30.5% of the federal Earned Income Tax Credit to 40%. This is expected to provide, on average, about $210 more annually for more than 200,000 households that generally earn less than $60,000. ...

Is Connecticut's state budget falling short for taxpayers?

The Connecticut Senate sent a revised, one-year $24.2 billion state budget to Democratic Gov. Ned Lamont’s desk on Tuesday night that Democrats lauded as historic but Republicans derided as falling short for the taxpayers. ...

How does a new state budget work?

Gov. Ned Lamont will present his proposal for a new state budget on Feb. 5, kicking off a process that culminates in negotiations between state legislative leaders and the governor’s office. When a budget and bond package compromise is reached, the full House and Senate must vote to adopt it and the governor must sign it into law. ...

How much will Connecticut's New tax rate changes save you?

The rate changes are expected to save many middle-class households $300 to $500 per year in the 2024 tax year, for which returns are filed in the spring of 2025. The new budget also will include Lamont’s proposal to bolster the income tax credit for Connecticut’s working poor from 30.5% of the federal Earned Income Tax Credit to 40%. ...