Keith M. Phaneuf / CT Mirror

Expanded earned income tax credit would save families an estimated $211 extra per year on average.

When it comes to taxes, the question state officials are trying to answer this year isn’t whether to cut them. For Gov. Ned Lamont and the General Assembly, the larger issues are how deep to cut — and who should benefit.

Gov. Ned Lamont unveiled a proposal Wednesday to cut taxes on more than 120,000 small and mid-sized businesses, saving them collectively as much as $60 million annually starting in 2024.

Analysts say General Fund will close with a $3.1 billion surplus next June, a 14% cushion.

Officials agree that CT needs to spend more or risk losing taxpayer confidence and its ability to maximize federal aid.

Allowable growth in next state budget could approach $1 billion as lawmakers eye more funds for towns, child care and education.

Programs that produced billions in budget surpluses will be tested as pressure for big tax cuts grows.

Sprague lawmaker says pension, annuity exemption needs to expand.

GOP leaders say CT missed an opportunity to do more for families facing a winter heating crisis.

Connecticut is projected to gain tax receipts faster than its debt grows over the next budget cycle — and the trend may last longer than that.