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Connecticut finances stay modestly in the black

The outlook for the state’s finances remains “generally positive” one-third of the way into the new fiscal year, Comptroller Kevin P. Lembo reported Friday. In his latest monthly budget forecast, Connecticut’s chief fiscal watchdog projected a modest, $11.2 million surplus for the fiscal year that ends next June 30. That represents just 1/15th of 1 […]

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CT lawmakers eye NY’s “Texting Zone” strategy for highway safety

Ever feel the urge to text while driving? If that happens in New York, look around. There’s probably a sign nearby showing where the next safe “Texting Zone” is located. New York officials have captured some of their Connecticut counterparts’ attention with their new campaign to stop cellphone use on highways. Earlier this fall the […]

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Connecticut launches mortgage assistance forum; braces for prolonged shutdown

Homeowners falling behind on payments or facing foreclosure will have a shot at getting some needed relief when state officials host their sixth mortgage assistance event next week. As they continue to juggle finances in response to the federal government shutdown, Gov. Dannel P. Malloy, Attorney General George Jepsen and Banking Commissioner Howard F. Pitkin announced […]

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Lembo hopes RI example will lead CT to disclose corporate aid

Though Connecticut officials balked at creating a publicly searchable database to track corporate welfare, its chief advocate is hoping an example from across the state line will change minds here. Rhode Island’s Division of Taxation released a late summer report that showed 87 percent of all funds awarded through the state’s six major tax incentive […]

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CT officials renew call for probe after NU confirms plans to outsource IT jobs

State officials renewed their call for a review of Northeast Utilities operations after company officials confirmed plans Tuesday to outsource about half of its 400 information technology jobs. But a company spokeswoman also said about 40 of the 200 affected workers likely would be rehired by branches in the northeastern U.S. of the two India-based companies […]

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Federal shutdown, health care costs and shrinking sales tax loom over CT budget

State government’s finances are in balance early into the fiscal year — for now. But the state’s chief fiscal watchdog warned Tuesday that the federal government shutdown, continued strong demand for health care for the poor and declining sales tax receipts, could erase the budget’s black ink very quickly. Technically Kevin Lembo, the state comptroller, […]

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Bond panel OK’s financing for Bridgeport development

The State Bond Commission approved $31 million in financing Friday to allow leading sporting goods retailer to locate in the long-planned commercial development on Steel Point in Bridgeport.  And though the commission unanimously approved the financing for Bass Pro Shops, that endorsement came amidst an ongoing partisan debate over Gov. Dannel P. Malloy’s handling of […]

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Malloy suspends routine highway work to ease traffic crunch along Metro-North corridor

Gov. Dannel P. Malloy ordered the state Department of Transportation on Thursday to halt all routine road maintenance work in lower Fairfield County to ease traffic congestion. Vehicular traffic was expected to rise sharply after Wednesday’s power failure on the Metro-North rail line knocked out most service between Stamford and New York City for at least three weeks.

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Lawmakers press Northeast Utilities to address rumors of job cuts

More than a dozen state legislators are pressing New England’s largest utility to detail immediately any plans to reduce staff as part of an ongoing merger. House Majority Leader Joseph Aresimowicz, D-Berlin, also insisted that Northeast Utilities respond to rumors that some information technology work would be outsourced to other countries. But NU responded Thursday […]

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