Posted inMoneyPolitics

Treasurer raises more concerns about Malloy’s plan for pensions

While Gov. Dannel P. Malloy intensified his pitch Tuesday to restructure Connecticut’s troubled pension funds, state Treasurer Denise L. Nappier repeated earlier fiscal concerns — and raised new legal questions. The treasurer also said she would offer a “less radical” alternative next month to the governor’s plans for pensions involving state employees and public school teachers.

Posted inMoneyPolitics

Shrinking revenue forecast shows CT’s red ink spreading fast

Gov. Dannel P. Malloy and the legislature face more than $600 million in red ink this fiscal year and next combined — and another shortfall close to $1.4 billion after the next state election — if new revenue estimates released Tuesday are correct. That means the financial problems facing the Capitol over the next few years are roughly five times the size of Connecticut’s modest $406 million emergency reserve.

Posted inCT Viewpoints

UConn faculty not to blame for tuition hikes

The University of Connecticut administration attribute the need for another tuition increase to labor contracts with university faculty. This is not the case. We agree with the administration that declines in state appropriations are a primary cause of the UConn budget shortfall, but there is little evidence to support the claim that faculty salaries and benefits alone are driving up expenses.