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Posted inMoney

Lembo joins dissent over Malloy’s emergency budget cuts

State Comptroller Kevin P. Lembo distanced himself Thursday from Gov. Dannel P. Malloy, calling his fellow Democrat’s emergency budget cuts premature and warning they could harm the state’s economy. A top administration official shot back, “We are making those tough decisions when we must, not shirking our responsibilities for political convenience.”

Posted inMoney, Politics

Malloy promises $155 million in tax relief

Derby – Gov. Dannel P. Malloy said Thursday he would use the $506 million projected surplus to beef up the state’s fiscal reserves, pay down pension obligations and provide modest tax relief.

Malloy, a first-term Democrat facing re-election this year, chose a blue-collar, Naugatuck Valley community to announce that if legislators approve his plan, the state would be sending out checks of $55 to single filers and $110 to couples.

Posted inNews

Prolonged federal shutdown could damage Connecticut’s fragile economic recovery

As the federal government stood at the brink of a shutdown, state and business leaders were most wary Monday of a prolonged stoppage. Though many of the 9,000 federal employees residing in Connecticut could be furloughed shortly after the new fiscal year begins Tuesday, a potential lag in billions in federal dollars earmarked for the […]