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Connecticut is on track to end its fiscal year next month with a $470 million surplus, according to budget projections released last week. This data gives Governor Ned Lamont leverage as he negotiates against new taxes.

U.S. Rep. Rosa DeLauro, D-Conn. with a child in Washington, D.C.
Courtesy of Rep. Rosa DeLauro Facebook page

Families that want to take advantage of the expanded child tax credit must file their taxes by the end of Monday. That’s because the income tax deadline was extended from April 15 to May 17.

The Connecticut State Capitol Building in Hartford
MaxVT / Flickr

Democratic legislative leaders in Connecticut seem headed for a showdown with Democratic Governor Ned Lamont over a proposed millionaire’s tax in a state with some of the highest income inequality in the country.

Courtesy of Pixabay

Melissa Stanley was a young single mother of three when she moved to Stamford, Connecticut, 19 years ago to raise her kids. After leaving Yonkers, New York, she worked full time, tightened her belt and volunteered, when she could, at her kids’ after school activities.

Courtesy of Pixabay

Connecticut’s new revenue consensus figures from April show the state on track to end its fiscal year on June 30 with a $250 million budget surplus. That’s higher than had earlier been anticipated.