Budget/Economy

Recent Posts

Lembo unveils plan to end huge backlog in state pension audits

State Comptroller Kevin P. Lembo

State Comptroller Kevin P. Lembo’s office announced Thursday that a huge, decades-old backlog in finalizing state pensions should finally be alleviated over the next 18 months. And Lembo said a new automated system also would make it easier for state workers to research their future benefits. Continue Reading →

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CT unemployment hits seven-year low of 5.4%

Connecticut unemployment rate over time

Connecticut gained 4,100 jobs in July as the unemployment rate fell to a seven-year low of 5.4 percent, marking three consecutive months of job growth that have brought the state’s unemployment rate close to the U.S. average of 5.3 percent. Continue Reading →

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Even transportation panel’s homework sets off a partisan furor

Commuters on the MetroNorth railroad.

The group studying how to fund a 30-year transportation improvement program in Connecticut knows there are few options – if any – that won’t spark controversy. But the state’s Transportation Finance Panel watched that challenge expand significantly after its research became the focal point of an intensifying partisan battle among state legislative leaders. Continue Reading →

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State, unions agree on more lenient disability-pension standard

Dan Livingston and Sal Luciano

A new agreement that restores a more lenient standard for awarding state disability pensions will take effect immediately and won't be presented to the General Assembly for consideration in 2016, Gov. Dannel P. Malloy’s administration confirmed Thursday. Continue Reading →

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New CT budget gets mixed reviews from Wall Street

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While praising Gov. Dannel P. Malloy and the legislature for adopting a two-year plan that is balanced and relies on few one-time revenues, the agencies also noted that Connecticut continues to struggle with “tepid” revenue growth and a small budget reserve that leaves the state vulnerable to “future fiscal shocks." Continue Reading →

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Malloy administration approved costly financing for UConn outpatient facility

Gov. Dannel P. Malloy views the construction site where an outpatient center was being built on the UConn Health Center campus in Farmington. At left is Dr. Frank Torti, then the dean of the medical school.

Gov. Dannel P. Malloy’s administration approved the controversial financing method for a University of Connecticut Health Center project that auditors say cost the state $77 million in “unnecessary” interest. Continue Reading →

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CT lawmakers push back on pharmaceutical issue in TPP

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WASHINGTON – As negotiators for a massive Pacific Rim trade pact meet in Maui for a final round of talks, Connecticut lawmakers are pressing for changes they say will keep the price of key medicines affordable for patients who need them overseas and in the United States. Continue Reading →

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