Urban Development

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Malloy defends investment record at penultimate Bond Commission meeting

Gov. Dannel P. Malloy, keenly aware of the unwelcome role his record is playing in the campaign to succeed him, spent one of his final State Bond Commission meetings Thursday defending state borrowing made during his tenure to promote economic development statewide and help Connecticut’s struggling capital city. Continue Reading →

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CT reaches new philanthropic high, but fewer residents are giving

Connecticut residents donated an all-time high of $5 billion to charity in 2015, according to a recent report from the Connecticut Council for Philanthropy. In-state foundations gave $1.2 billion in donations while the remaining $3.8 billion came from independent individuals and their families, the council said. Continue Reading →

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Among Connecticut cities and towns, the wealthiest are the big spenders

While Connecticut’s distressed cities often are perceived as having bloated budgets, the wealthy suburbs easily outspend their urban neighbors on a per capita basis, sometimes by margins nearing two-to-one. More importantly, shrinking state aid, a lack of revenue diversity and an over-reliance on a regressive property tax system threaten to widen tremendous disparities that already exist between Connecticut’s poorest and richest communities. Second in a series. Continue Reading →

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Already deep in debt, Connecticut struggles with extremes of wealth and income

The growing gap between Connecticut’s richest and poorest citizens, which already outstrips that in most other states, has widened dramatically since the last recession. While only the most affluent households improved their standing, the rest lost ground. How to address this inequality and a crushing state debt at the same time will be at the core of Connecticut’s political debate for years to come. First in a series. Continue Reading →

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Hartford bailout sparks schism over impact on state’s debt limit

While state Treasurer Denise L. Nappier called the Hartford bailout deal “a non-issue” when it comes to the state’s debt limit, the other state official who OK’d the deal — Gov. Dannel P. Malloy — disagrees, and wants lawmakers to address the problem with Connecticut’s credit card now. Continue Reading →

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