Budget/Economy

Recent Posts

Walker: ‘Devastating’ cuts cannot solve CT’s budget woes

Office of Fiscal Analysis Director Neil Ayers (left) and Office of Policy and Management Secretary Ben Barnes (right)

As analysts outlined a grim picture Wednesday that could include further cuts to state social services and reversing recent enhancements in local aid and transportation, one key lawmaker insisted officials must discuss raising revenue in 2017. Continue Reading →

Filed under: , , , , , , ,

Fasano: Bipartisan talks on top issues should begin next week

Republican Senate Majority Leader Len Fasano responds Monday to Gov. Malloy's proposal for bipartisan talks on the state budget.

Noting that Malloy indicated shortly after Election Day that he would reach out to both parties, Fasano said state government could miss a chance to improve confidence among businesses and the general public if it waits to begin discussions until the 2017 General Assembly session — which starts Jan. 4. Continue Reading →

Filed under: , , ,

State agencies offer more painful possibilities for budget cuts

screen-shot-2016-11-17-at-6-46-50-pm

State agencies have offered the governor’s budget office options as it prepares a 2017-18 state budget proposal. Among those just made public: Some DMV offices could close. Housing subsidies for those with AIDS could be cut. And hundreds more state jobs could be eliminated by privatizing services for people with intellectual or developmental disabilities. Continue Reading →

Filed under: , , , , ,

Debt costs, shrinking revenues taking big toll on next CT budget

Top from left, Senate Republican leader Len Fasano, House Republican leader Themis Klarides and Malloy administration budget director Benjamin Barnes

Surging debt costs and shrinking revenues alone will force state officials to cut $1.1 billion to $1.3 billion out of the next state budget to avoid tax hikes, according to separate analyses Tuesday from two fiscal agencies. But the two reports probably still don’t reflect the full cuts to discretionary programs that would be required to stave off tax hikes. Continue Reading →

Filed under: , , , ,

Malloy defends $35 million to hedge fund as investment

screen-shot-2016-11-15-at-11-46-58-am

With $35 million in economic incentives for a Greenwich hedge fund manager, Gov. Dannel P. Malloy showed once again he is more willing to accept criticism for the price paid to keep high-paying jobs in Connecticut than to risk seeing them depart for New York. Continue Reading →

Filed under: , , , , , ,

Same data, opposite conclusions: Did Medicaid cuts limit access to radiology?

Photo by Robot B via Flickr Creative Commons

When the state cut Medicaid payment rates for radiologists by 42.5 percent last year, doctors and patient advocates warned it would get harder for poor patients to get mammograms and other imaging services. A year and a half later, the state Medicaid agency says that hasn’t happened. But radiologists say it’s not that simple. Continue Reading →

Filed under: , , , ,