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GOP wants to add new conditions to Jackson Laboratory deal

Top Republican state legislators offered a few suggestions Tuesday for Gov. Dannel P. Malloy if he hopes to win bipartisan support for a $291 million state commitment to attract an internationally recognized genetic research firm to Connecticut. And while the Democratic governor acknowledged again Tuesday that he might not have major GOP support for the […]

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Public will get to comment on Jackson Laboratory plan

One potentially divisive issue disappeared Monday as a legislative leader announced that the public will get its opportunity Thursday to comment on Gov. Dannel P. Malloy’s proposal to commit $291 million in state funds to leverage the development of a $1.1 billion bioscience lab at the UConn Health Center. Republican sources had complained earlier Monday […]

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Projected Wall Street job losses bode ill for Connecticut

A new report predicting 10,000 job losses by the end of 2012 and a decline in profit margins for Wall Street’s securities industry has economists, business leaders and state legislators anticipating ripple effects here, both for Fairfield County’s financial services sector and for the state budget. And while opinions were mixed over just how severe […]

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State revenue picture remains stable though key income tax data is delayed

Fiscal analysts for Gov. Dannel P. Malloy’s administration and the legislature agreed Friday the General Fund revenue picture for the state’s budget remains largely unchanged 3 ½ months into fiscal year – though the biggest piece of the puzzle is missing. The Executive Branch’s Office of Policy and Management and the legislature’s nonpartisan Office of […]

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Non-union workers getting $6.2 million in longevity pay next week

State government will issue nearly $10.3 million in longevity payments to senior employees on Thursday, including nearly $6.2 million to non-union executives, managers and other staff and $4.1 million to union workers, according to numbers released Friday by Comptroller Kevin P. Lembo. About 39,200 union workers forfeited their scheduled longevity payments as part of the […]

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Auditors: Agencies rushed to spend rather than return funds

Two major state agencies–including the governor’s budget office–shuffled millions of dollars into projects that wouldn’t begin for another 6 to 18 months to avoid having to return the money to the state’s coffers, according to recent audits covering parts of former Gov. M. Jodi Rell’s administration. The Department of Transportation released half of its $2.8 […]

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Small businesses vent frustrations at House GOP forum

Portland baker Frank Cavaliere offered the least complicated solution to date for fixing Connecticut’s economy during Wednesday’s state legislative forum. “If you really want to help–stop helping,” Cavaliere said. “Every time you pass a piece of legislation, you cost us money.” The 58-year-old small business owner, who was the lead speaker at a two-hour forum […]

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GOP lawmakers press for job assurances in bioscience deal

Republican legislators grilled Gov. Dannel P. Malloy’s staff and a top executive from Jackson Laboratory on Thursday, pressing for assurances that a planned $1.1 billion genetics research center will create the 7,400 jobs administration officials are anticipating. Republicans, who control a minority of seats in the House and Senate, specifically questioned growth projections tied to […]

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Malloy easily surpasses goal for state worker retirements

More than 2,600 state workers elected to retire from state service between January and Oct. 1, more than two-and-a-half times the number of retirements recorded last year at this time, Gov. Dannel P. Malloy’s budget office announced Tuesday. The Office of Policy and Management reported, 2,628 retirements, well beyond the level originally projected by the […]

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Malloy hears tales of other states’ tax cuts

Gov. Dannel P. Malloy heard plenty of strategies he has already implemented or endorsed as he met Monday morning with governors and other officials from northeastern states at an economic forum. But amid other states’ stories of increased business loans, expanded roles for colleges and universities and new financial incentives for high-technology firms came another […]

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Agencies predict a larger demand for smaller heating aid fund

While state officials have tentatively planned to compensate for cuts in federal winter heating assistance by scaling back aid levels to qualifying residents, nonprofit agencies warned Friday that the reduced funding will have to be spread even further, to some 20,000 more households than last year. The 12 nonprofit agencies that process applications for aid […]

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Watchdog says environmental rules aren’t discouraging business

While there is growing sentiment at the Capitol that excessive regulations are slowing job growth here, there’s no evidence that Connecticut’s rules governing environmental protection are one of the culprits, according to the state’s chief environmental watchdog. But Karl Wagener, executive director of the state Council on Environmental Quality for the last 26 years, did […]

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Experts say major change needed to restore job growth

Connecticut needs to make significant changes in a wide range of areas–including education, transportation, export strategy, regulatory systems and its very business base–if it hopes to break a growing cycle of jobless recoveries, a panel of economic experts said Thursday. “You have every reason to expect success,” Harvard Business School Professor Michael E. Porter told […]

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