Budget/Economy

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Nonpartisan analysts tracking $84M in potential cost overruns in state budget

Gov. Dannel P. Malloy’s administration isn’t projecting any troubles for the current state budget, but the legislature’s nonpartisan analysts have identified almost $84 million in potential problems. The Office of Fiscal Analysis reported “deficiencies” or potential cost-overruns in five areas.
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State to help finance Electric Boat expansion

WASHINGTON – Gov. Dannel Malloy is set to announce the Department of Economic and Community Development will provide Electric Boat $10 million in assistance to help the submarine maker purchase one of the buildings that housed Pfizer before the pharmaceutical company moved out of the state, a congressional source said. Continue Reading →

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Malloy boldly projects perfection in last budget update before election

Gov. Dannell P. Malloy

It’s came as no surprise this week when Gov. Dannel P. Malloy’s administration reported the state budget was in balance. What was far more surprising, though, was the added assertion there are no signs of cost-overruns in any of the dozens of agencies supported by this year’s $19 billion budget.
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Comptroller candidates want to bolster transparency, fiscal security

lembo-mclaughlin

The candidates vying to become Connecticut’s chief fiscal guardian agree more must be done to improve state government’s transparency and fiscal security. But while incumbent Kevin Lembo says the state has made considerable progress on both fronts over the past four years, his Republican challenger, Sharon McLaughlin, insists too much work remains to be done to feel good about the status quo. Continue Reading →

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