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Pew study: States’ reserves left them only half prepared for Great Recession

Connecticut was far from the only state whose fiscal reserves weren’t enough to withstand The Great Recession, according to a new report from the Pew Charitable Trusts. The new study recommends several steps to help states better prepare for economic downturns – including proposals Connecticut’s legislature has resisted in the past. Continue Reading →

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Foley has lots of confidence, few details, on plans to fix CT budget

Tom Foley accepts the GOP endorsement. His wife, Leslie, stands with one of their twins.

To say Tom Foley is keeping his cards close when it comes to his plans to fix state finances might be an understatement. The Greenwich businessman and Republican gubernatorial contender's positions on key income and business taxes and public-sector wages are guarded at best. Continue Reading →

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Final CT surplus report renews partisan budget debate

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State government wrapped up the fiscal year with a $121.3 million surplus, according to unofficial numbers released Tuesday by Gov. Dannel P. Malloy’s administration. But one of the governor’s chief rivals insists the surplus wouldn’t exist had Malloy not used borrowing to defer hundreds of millions of dollars in operating costs until after the election.
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Visconti convinced he can find the waste in Connecticut’s budget

Joe Visconti

Gubernatorial hopeful Joe Visconti concedes he doesn’t have a complete blueprint to close the state budget deficit. But the West Hartford Republican, who brings his budget books with him on the campaign trail, insists he will have one before his rivals do.
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