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Connecticut’s fiscal guardrails, which include several types of spending restrictions, in recent years have helped the state regain budget stability, replenish its rainy day fund and pay down long-term pension liabilities.
That has been seen as a positive for a state that, in the wake of the 2008 financial crisis, faced a barrage of annual budget deficits.
Some Democratic lawmakers have expressed a desire to loosen the guardrails in order to spend more money on government programs or constituencies, as the state faces the possibility of collecting an extra $1.3 billion extra in tax revenue over the next two fiscal years compared to projections.
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Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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Connecticut’s fiscal guardrails, which include several types of spending restrictions, in recent years have helped the state regain budget stability, replenish its rainy day fund and pay down long-term pension liabilities.
That has been seen as a positive for a state that, in the wake of the 2008 financial crisis, faced a barrage of annual budget deficits.
Some Democratic lawmakers have expressed a desire to loosen the guardrails in order to spend more money on government programs or constituencies, as the state faces the possibility of collecting an extra $1.3 billion extra in tax revenue over the next two fiscal years compared to projections.