Recent Posts

Moody’s: GE’s departure ‘underscores’ Connecticut’s fiscal, economic woes


While the partisan debate over GE’s departure from Connecticut continues, a major Wall Street rating agency sees a correlation between the move and the state’s ongoing fiscal and economic woes. Moody’s Investors Service cited the impending move as it issued a “credit negative” — not a formal rating downgrade — but rather a public statement about a development that could harm Connecticut’s financial standing in the long run. Continue Reading →

Filed under: , , , , ,

Investing in business climate will be a tall order for CT


The challenge for state government, said economists and business leaders Wednesday, will be to find the resources to invest – in transportation, information technology and higher education – as the cost of public-sector retirement benefits spikes over the next decade to 15 years. Continue Reading →

Filed under: , , , ,

Deadlines nearing for state budget talks, GE decision on a move

Gov. Dannel P. Malloy and Lt. Gov. Nancy Wyman after Wednesday's budget talks.

State budget talks made little progress Wednesday but will continue for at least one more day as legislators from both sides conceded a self-imposed deadline is nearly upon them. Gov. Dannel P. Malloy also hopes to extract new business tax relief from these talks and confirmed he continues to talk with General Electric in hopes of keeping the major corporation in Connecticut. Continue Reading →

Filed under: , , , , ,

Malloy seeks to roll back $220M in business tax hikes

Gov. Dannel P. Malloy announcing proposed budget changes with Lt. Gov. Nancy Wyman.

Gov. Dannel P. Malloy proposed Friday to roll back about $220 million in business tax hikes before they take effect in the new two-year state budget July 1 and replace them with still-to-be-identified spending cuts. Legislative leaders offered no ready endorsement, saying they will review the plan. Continue Reading →

Filed under: , , , , , , ,