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.
Hartford Business Journal – As Connecticut’s transportation debate heads into a new stretch, Democrats and Republicans aren’t acknowledging that their plans share two common weaknesses — economic risk and a lean rebuilding program.
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.
Hartford Business Journal – State government’s corporate-incentive deals have come under scrutiny in recent years, as questions have arisen about whether it’s a proper use of taxpayer money to provide loans, grants or tax breaks to private-sector enterprises.
Hartford Business Journal – Data centers are seen as powerful economic drivers that allow cities, regions and states to generate jobs and tax revenue.However, Connecticut has largely missed out on opportunities to land such high-tech facilities.
CT Post -If you had any doubt a recession is coming, Wednesday’s 800-point drubbing on the New York Stock Exchange, caused by the dangerous and infamous inverted yield curve along with Trump’s trade war, might have grabbed your attention.
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.
Mass Live – Even though the top executive for the Mashantucket Pequot Tribal Nation pooh-poohed the notion last week, Connecticut’s two tribal casino would be the logical buyer if MGM Resorts International sells off its downtown Springfield property, according to an expert on the regional gambling industry.