Gov. Dannel P. Malloy’s budget office warned this week it is watching some negative fiscal trends that could threaten the modest surplus currently projected for this year. And the $75.6 million fiscal cushion reported Thursday by the Office of Policy and Management – in one respect – is already gone. That’s because Malloy and the […]

Gov. Dannel P. Malloy’s administration outlined a package of job-growth proposals Thursday that includes $516 million in bonding for business and infrastructure investments, a new tax break aimed at small businesses, and a plan to streamline state regulations. The proposal outlined by two key administration officials before the legislature’s Commerce and Labor & Public Employees […]

Gov. Dannel P. Malloy’s up-and-down relationship with labor unions dipped again Thursday when his administration introduced a proposal that seemed to open the door to privatizing some state functions as part of next week’s special legislative session on economic development. Union leaders and members representing thousands of public-sector workers balked at a proposal to give […]

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 […]

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 […]

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 […]

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 […]

When Gov. Dannel P. Malloy announced plans to commit $291 million in state funds to bring a major bioscience lab to Connecticut, Republican legislative leaders voiced support but said they had a lot of questions. Two weeks later those questions persist, and Malloy acknowledged Thursday he may not get the overwhelming bipartisan support he hoped […]

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 […]

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 […]

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 […]

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 […]

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 […]