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Foley: He’ll balance budget without tax hikes

Tom Foley insists he can eliminate what effectively amounts to the largest state budget deficit in Connecticut history without raising taxes. To get there, he concedes, will require breaking some new political ground, a polite way of describing what others would call long-shots: repealing binding arbitration; getting employee unions to accept concessions for both current […]

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Probate courts consolidation wiping red ink from the budget

Connecticut’s soon-to-be-consolidated probate courts now expect to run more cost-efficiently than ever, projecting a deficit for the next fiscal year that’s one-third of what the General Assembly anticipated before it overhauled the 300-year-old system in 2009. The $4.3 million structural deficit built into the $30.4 million system budget also is less than half of the […]

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Study finds Connecticut would be attractive to an MLB franchise

Despite being locked between two of the country’s oldest sports markets, Fairfield County would be a more attractive site for a Major League baseball franchise than Milwaukee or Denver, two MLB host communities, according to the latest quarterly economic report from the University of Connecticut. But don’t buy those season tickets just yet. Economics Professor Steven […]

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Democrats’ open budget law might bite them in an election year

A controversial system for exposing state budget deficits that the Democrat-controlled legislature forced on Gov. M. Jodi Rell last year could come back to bite Democrats this fall – less than three weeks before Election Day. Commonly known as the “consensus revenue” law, the statute requires the legislature’s nonpartisan Office of Fiscal Analysis and the […]

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Connecticut could be attractive site for Major League baseball, according to UConn economic report.

Connecticut, and especially the Stamford metropolitan area, might be a far more attractive site for a new Major League Baseball franchise than state politicians and business leaders might think, according to the latest quarterly economic report from the University of Connecticut. Despite being locked between two of the country’s oldest – and arguably most passionate […]

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State faces hefty up-front costs to fix its retiree benefits system

State officials recently got their first glimpse of the cost of escaping a pay-as-you-go health insurance program for retired workers, and it wasn’t pretty. But on a long-term basis, the state’s health care consultants said, it’s far less expensive the the current practice of paying the bills out-of-pocket. A preliminary analysis issued last week to […]

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Prison budget a favorite target, but inmate numbers won’t decline

Proposals to close prisons and speed up inmate releases have become increasingly popular in recent years as state officials grapple with continuing budget deficits of massive proportions. But while Connecticut’s inmate population has receded from the record mark of nearly 20,000 two years ago, research from criminal justice planners says the number of prisoners the […]

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Stimulus bill leaves out money state counts on to balance the budget; officials still hopeful

Despite hopes for an early resolution, state officials are still waiting to to see whether Congress will provide more than $360 million in extra stimulus aid – money already built into the new state budget. A major stimulus expansion bill advanced in the U.S. House of Representatives on Friday – but only after being stripped […]

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