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 […]
Keith M. Phaneuf
Keith has spent most of his four decades as a reporter specializing in state government finances, analyzing such topics as income tax equity, waste in government and the complex funding systems behind Connecticut’s transportation and social services networks. He has been the state finances reporter at CT Mirror since it launched in 2010. Prior to joining CT Mirror Keith was State Capitol bureau chief for The Journal Inquirer of Manchester, a reporter for the Day of New London, and a former contributing writer to The New York Times. Keith is a graduate of and a former journalism instructor at the University of Connecticut.
Rell taps former homeland security chief to lead public safety
Gov. M. Jodi Rell tapped the former head of the state’s homeland security agency, James M. “Skip” Thomas, to serve as acting commissioner of the Department of Public Safety for the remainder of her administration. Thomas, 63, who retired from state service in 2009, replaces John A. Danaher III, who resigned from his post at […]
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 […]
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 […]
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 […]
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 […]
Weicker to offer his solutions to another state budget crisis
Former Gov. Lowell P. Weicker Jr., who drove the adoption of the state income tax as one of the chief solutions to state government’s fiscal crisis in 1991, will make a rare public appearance later this month to discuss how he would resolve Connecticut’s current economic woes. Weicker, a three-term U.S. senator who was elected […]
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 […]
Rell vetoes bill to create sentencing commission
Gov. M. Jodi Rell vetoed a bill today that would have created a new commission within the Office of Policy and Management to review state sentencing policies. The governor argued the legislature’s Judiciary Committee already performs this function, and that the bill would have required an extra $130,000 in spending to provide salaries and benefits […]
Diesel drivers get a tax break
Connecticut may be headed for the largest budget deficit in its history in just 13 months, but some consumers will actually be enjoying a state tax cut later this summer. Thanks to a drop in the world price of crude oil and a relatively new system for calculating tax rates, the levy on diesel fuel […]
State can’t sell land, but will give some away
Though Gov. M. Jodi Rell’s administration hasn’t had much success to date selling surplus property to balance the budget, the General Assembly is planning to all-but-give some away later this month to help out their districts back home. But House Speaker Christopher G. Donovan, D-Meriden, and Senate President Pro Tem Donald E. Williams Jr., D-Brooklyn, […]
Connecticut’s bond rating downgraded
State government’s standing on Wall Street took a hit today when one of the three major credit rating agencies lowered Connecticut’s bond rating, citing the state’s repeated efforts to close budget deficits through borrowing, rather than spending cuts or tax hikes. But the downgrade by Fitch Ratings Services should not have much of an effect […]
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 […]
More room on state credit card
State government’s credit card still carries a large balance, but it’s no longer on pace to shatter its limit. That’s due to dozens of projects being scrapped and modest revenue growth that expanded Connecticut’s borrowing capacity. According to new estimates from state Treasurer Denise L. Nappier, the state will enter the new fiscal year on […]
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 […]
