Connecticut state budget

Recent Posts

No one wants a share of CT’s teacher pension bill

Municipalities and hospitals both fear the new cost burdens they would assume in Gov. Dannel P. Malloy’s budget would grow quickly as state retirement benefit costs surge in the coming years. Continue Reading →

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Malloy budget hinges on big labor savings, new revenues

Gov. Dannel P. Malloy unveiled a $40.6 billion two-year budget Wednesday that seeks $1.5 billion in labor concessions, imposes $400 million on annual pension costs on municipalities and reorganizes the financial relationship between the state, communities and hospitals. Continue Reading →

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Labor savings is the big unknown in Malloy’s new budget

The new budget Gov. Dannel P. Malloy will propose Wednesday will be based partly on a big assumption — that ongoing talks with state employee unions will produce concessions. But some are worried that to get them, the state must promise to maintain a costly retirement benefits system beyond the current 2022 expiration date. Continue Reading →

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Transportation funding debate still centered on ‘lockbox’

While Gov. Dannel P. Malloy has released no transportation-related details from his next two-year budget plan, he also hasn’t backed away from his demand that legislators first back a constitutional ‘lockbox’ amendment to safeguard transportation revenues. Continue Reading →

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Malloy: Pension bills for CT towns part of a larger plan

The shift of $400 million in teacher pension costs onto municipalities is part of a much larger plan not only to close a significant projected state deficit, but also to address long-ignored inequities in municipal funding, the governor said. More details of that plan are expected today. Continue Reading →

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Malloy would bill towns for teachers’ pensions, cut middle-class tax credit

Gov. Dannel P. Malloy said Friday his proposed budget would shift $400 million, nearly one-third of the cost of municipal school teachers’ pensions, onto cities and towns next fiscal year — a move that would hit the state’s wealthiest communities the hardest. Continue Reading →

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