Hartford Business Journal – Just as Connecticut has taken pains to slow the trajectory of COVID-19, some are now wondering whether the state can similarly reverse its pre-pandemic economic direction.
CCEA
State can’t print money, but it can guide economic rise from pandemic
Gov. Lamont urges Connecticut businesses to restrict domestic travel, but many already have measures in place
Seniors’ Sweet Tax Breaks Have Become a Target
The PEW Charitable Trusts – As Americans begin the challenge of filling out their tax returns this year, one taxpayer demographic generally pays less than others: senior citizens. Tax breaks for seniors cost states approximately $27 billion a year and will more than double in the next decade, according to a recent study from the progressive Center on Budget and Policy Priorities in Washington, D.C.
While CT’s reserves rise, Wall Street compensation shrinks
Hartford Business Journal – While Connecticut’s budget reserve just hit a new high, one of the driving forces behind that accomplishment may be cooling down. According to a recent report from the New York State Comptroller Thomas DiNapoli, compensation on Wall Street was down 6% last year, driven by a 17% drop in bonuses.
Tax breaks for seniors could widen gap between Connecticut’s rich and poor
CT’s biggest corporate incentive you’ve never heard of
How a $1B data-center project landed in New Britain
Dan Haar: Recession coming; how will Connecticut fare?
One problem with empty, blighted buildings? Knowing how many there are.
Waterbury Republican-American – There’s no telling how many empty industrial buildings are rotting away on polluted properties in Connecticut. The brownfield inventory maintained by the Connecticut Department of Energy and Environmental Protection lists 516 sites. But state officials admit that’s not comprehensive. Sites can only land on the list after state involvement in cleanup efforts. Given the state’s long industrial history, DEEP estimates there are “probably tens of thousands” of polluted sites.