FROM THE NEWSROOM: HARTFORD, Conn. (AP) — It appears unlikely - TopicsExpress

FROM THE NEWSROOM: HARTFORD, Conn. (AP) — It appears unlikely that Gov. Dannel P. Malloys proposed $55-per-person refund checks will show up in taxpayers mailboxes. In a letter sent Monday to members of the General Assembly, Malloys budget director said the Democratic administration does not anticipate enough revenue to provide a tax refund or to make a supplemental pension payment, as we had hoped in January. Benjamin Barnes said most of Connecticuts tax revenues are meeting expectations. However, he said taxes on capital gains in 2013 will be hundreds of millions below expectations. Barnes blamed the setback on the expiration of former President George W. Bushs tax cuts on Jan. 1, 2013, prompting many taxpayers to claim investment income in 2012. Barnes and the leaders of the Democratic-controlled General Assembly are currently negotiating a final budget agreement.

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