Budget/Economy

Recent Posts

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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Auditors: UConn ‘burdened’ CT with $77M in ‘unnecessary interest costs’

UConn's John Dempsey Hospital in Farmington

The University of Connecticut burdened the state with an estimated $77 million in “unnecessary interest costs” when it secured financing 19 months ago for a new ambulatory services center in at the UConn Health Center in Farmington, the state auditors of public accounts reported Wednesday. Continue Reading →

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The Mirror’s ‘Small State, Big Debate: Race’ event set for Oct. 6

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The Connecticut Mirror, the state’s award-winning, nonprofit public policy news organization, will hold its second statewide public policy event, “Small State, Big Debate: Race,” on Tuesday, October 6, at Fairfield University. Tickets go on sale today with an early bird special through Aug. 20. Find all the details here. Continue Reading →

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Partisan debate heats up as state’s credit card nears its limit

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Gov. Dannel P. Malloy drew criticism this year when he warned Wall Street investors he would boost state government’s effective credit card limit by 40 percent this year. But if the State Bond Commission approves all of the financing Malloy has proposed for next week’s meeting, the governor will have used up 95 percent of his self-imposed credit limit – with five months still to go in the calendar year. Continue Reading →

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CT unemployment rate hits lowest mark since July 2008

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Connecticut’s unemployment rate dropped to 5.7 percent in June, its lowest point since July 2008, as the state added 600 jobs last month – including 2,600 in the private sector that offset losses in government employment, the state Department of Labor reported Monday. Continue Reading →

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Richard Gray, former UConn VP, named deputy state treasurer

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A veteran state administrator and former chief financial officer for the University of Connecticut, Richard Gray, has been named deputy state treasurer. State Treasurer Denise L. Nappier also announced that her deputy since May 2012, Christine Shaw, now will serve as chief compliance officer for the treasury. Continue Reading →

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