Tax refunds are up, which is good news for Connecticut taxpayers but the drain on the state treasury will force more spending cuts.
Republican U.S. Sen. Scott Brown and likely Democratic challenger Elizabeth Warren are releasing several years of tax returns.
Gov. Dannel P. Malloy says the state of Connecticut is “absolutely opposed” to the Manhattan borough president’s proposal to restore a tax for suburbanites who commute to New York City.
Not only the winning ticket holder or holders, but also the state government would welcome a win in the largest-every MegaMillions drawing Friday. Connecticut would get more than $26 million in state taxes from a winner who takes the lump sum.
Days after Connecticut Democratic lawmakers announced plans to tackle high fuel prices by capping the gross receipts tax on wholesale gas and other measures, Republicans are countering with their own proposals.
The estate of a Connecticut developer who died in April is suing the state over a tax that was raised just days after he died.
ESPN and Connecticut Gov. Dannel P. Malloy say the sports network will add at least 200 new jobs over five years in exchange for millions of dollars in tax breaks.
Amazon.com says it is severing its relationships with affiliates in Connecticut because of a new state tax on certain online purchases.
Proposals to add another three cents to the state’s 25-cent-per-gallon excise tax aren’t sitting well with many motorists.
Restaurants and the liquor industry are voicing concerns about plans to increase Connecticut alcohol taxes to help balance the state’s budget.