New England's state budgets are reeling from coronavirus-related shutdowns and fears. Here's an early look ...
Connecticut. Gov. Ned Lamont and state lawmakers are facing a $904 million deficit for FY20 and a $2.1 billion deficit for FY21. The general fund shortfall, according to the nonpartisan Office of Fiscal Analysis, will swell to $3.2 billion in 2022. Connecticut’s Rainy Day Fund curren...
Connecticut
Democratic Gov. Ned Lamont delivered a two-year budget plan of $43.1 billion to lawmakers, emphasizing that the state’s crushing fixed costs relative to its pension funds must be addressed. To accomplish this, he proposed restructuring, refinancing the systems’ payments and slowing the rate of increase in the teachers’ pension fund and the state employee pension fund, both of ...
Granite State lawmakers on June 26 approved a $10.7 billion two-year budget with bipartisan support. Members of the Senate, which is controlled by Republicans, unanimously supported the budget, while more than 300 of the 400-member Democrat-controlled House approved the spending package.
Bipartisan agreement on the two-year plan was bolstered by growth in March and April tax revenues, which gener...
President Obama's proposed FY 2013 budget would encourage community college partnerships with employers, target student aid for colleges that restrain tuition prices, and increase overall spending on U.S. Education Department programs by 2.5% to nearly $70 billion. That would be the largest percentage increase for any domestic department in the president's proposed federal budget for FY 2013, whi...
All six New England states have completed the initial step in their budget processes in this very difficult fiscal year.In mid-June, we reported that Connecticut and Vermont had completed budgets in record time, followed by completions in Maine and New Hampshire. Now, Massachusetts and Rhode Island ...Massachusetts BudgetTo the consternation of labor leaders, Democratic lawmakers in Massachusetts,...
The Maine Center for Economic Policy (MCEP) will hold its 10th State Tax & Budget Conference on Monday, Feb. 14 at the Augusta Civic CenterFeatured speakers will include Sawin Millett, commissioner of the Maine Department of Administrative and Financial Services. Millett will make a presentation on the proposed biennial budget, which is scheduled for release in early February.Other scheduled...
New England's state budgets are reeling from coronavirus-related shutdowns and fears. Here's an early look ...
Connecticut. Gov. Ned Lamont and state lawmakers are facing a $904 million deficit for FY20 and a $2.1 billion deficit for FY21. The general fund shortfall, according to the nonpartisan Office of Fiscal Analysis, will swell to $3.2 billion in 2022. Connecticut’s Rainy Day Fund curren... 
Connecticut
Democratic Gov. Ned Lamont delivered a two-year budget plan of $43.1 billion to lawmakers, emphasizing that the state’s crushing fixed costs relative to its pension funds must be addressed. To accomplish this, he proposed restructuring, refinancing the systems’ payments and slowing the rate of increase in the teachers’ pension fund and the state employee pension fund, both of ... 
Granite State lawmakers on June 26 approved a $10.7 billion two-year budget with bipartisan support. Members of the Senate, which is controlled by Republicans, unanimously supported the budget, while more than 300 of the 400-member Democrat-controlled House approved the spending package.
Bipartisan agreement on the two-year plan was bolstered by growth in March and April tax revenues, which gener... 
President Obama's proposed FY 2013 budget would encourage community college partnerships with employers, target student aid for colleges that restrain tuition prices, and increase overall spending on U.S. Education Department programs by 2.5% to nearly $70 billion. That would be the largest percentage increase for any domestic department in the president's proposed federal budget for FY 2013, whi...