Budget To Be Balanced By Broad Package Of Fees, Taxes

The proposed solution to the Connecticut budget impasse would break new ground, raising taxes or fees on seasonal homes, cell phones and fantasy sports gambling as part of a broad package of increases expected to raise $1.53 billion across this fiscal year and next combined.

But the total increase drops to $842 million if a $344 million-per-year tax hike on hospitals is not counted — since the budget calls for the industry to get all of those funds back as part of a plan to leverage more federal Medicaid reimbursements for Connecticut.

Click here to continue reading on The CT Mirror’s website.

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