Pew report: CT still lagging most states in personal income growth middletownpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middletownpress.com Daily Mail and Mail on Sunday newspapers.
UpdatedFri, Apr 16, 2021 at 10:30 am ET
Reply
By Scott Benjamin
DANBURY Patch.com has reported that more than 100 of Connecticut s municipalities had the same mill rate or a lower one in fiscal 2021 than they had in fiscal 2020.
Since late December the federal government has approved more than $2.8 trillion in economic rescue spending, some of which will be going to municipalities and school districts.
Subscribe
Thus, isn t Danbury Republican Mayor Joe Cavo s proposed $267 million budget for the fiscal year starting July 1 – which doesn t have a tax increase – the best option for the Hat City, which has struggled to recover from the pandemic?
‘Things went gangbusters’: Connecticut housing market soared in second half of 2020
FacebookTwitterEmailLinkedInRedditPinterest
Homes for sale in the Compo Beach area Thursday December 3, 2020, in Westport, Conn. In a projected seller s market for 2021, few sellers nationally will do better than those in the Greenwich-Bridgeport corridor according to Realtor.com, which is projecting a 7.8 percent increase in home prices amid a continued flight to the suburbs even as vaccines arrive.
Photo: Erik Trautmann / Hearst Connecticut Media
Sales and the median sale price of single-family homes in Connecticut surged in 2020, despite a slump in the second quarter when COVID-19’s economic impact began hitting the state and nation.
UpdatedTue, Jan 19, 2021 at 1:57 pm ET
Reply(1)
By Scott Benjamin
A noted economist insists that there is no politically credible combination of tax reform or tax increases that will mitigate a projected combined state budget deficit of at least $10 billion deficit over the next three fiscal years.
University of Connecticut Finance Professor Fred Carstensen – the director of the Connecticut Council for Economic Analysis – wrote in a prepared statement to Patch.com that the state government faces massive deficits, much worse than those to which the state Office of Fiscal Analysis (OFA) – the General Assembly s fiscal arm – or the state Office of Management & Budget (OPM)– the governor s budget arm – admit.
Analyst: CT facing worst job declines since World War II | News westhartfordnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from westhartfordnews.com Daily Mail and Mail on Sunday newspapers.