Gov. Dannel P. Malloy's revised fiscal year 2019, $20.7 billion budget proposes several changes to business taxes and tax credit programs.
The Democratic lame-duck governor also is proposing to spend $100 million to continue rehabilitating Hartford's XL Center, which is expected to go on the sales block soon. Malloy also wants to invest $16 million to construct parking to support redevelopment around Hartford's Bushnell Center for Performing Arts.
And with regard to transportation, Malloy would establish a seven-cents-per-gallon gasoline tax hike this summer, starting July 1, and add electronic tolling on highways by mid-2022. Those changes are expected to stabilize the Special Transportation Fund and support a long-term infrastructure overhaul.
Among the changes affecting the business community, Malloy would: