CT’s 15.1% return ranked in the top 23% of returns achieved by major public pension funds over the past fiscal year.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inHuman Services, Money
Report: About 570,000 CT households struggle with poverty
Household poverty shrank modestly from 2023 to 2024, based on United Way’s ALICE measure, but the organization fears poverty is now worsening.
Posted inMoney
GOP legislators renew call for major CT tax relief
GOP lawmakers renewed its call for major tax relief, but Democrats say Republicans would weaken efforts to shrink CT’s big pension debt.
Posted inEducation, Money
Scanlon: CT fiscal guardrail reform could help address special education crisis
Comptroller Sean Scanlon said Tuesday that CT can help address a special education funding crisis and still shrink its pension debt.
Posted inMoney
Citizens’ group pledges big ideas to reform CT property tax
The Citizens’ Assembly hoping to reform Connecticut’s property tax system teased big ideas and a robust political debate.
Posted inPolitics
Ryan Fazio claims Lamont ‘destroyed’ fiscal caps. But did he?
While Lamont has engaged in workarounds, he says the routine has led to savings, cut pension debt and offset federal cuts to vital services.
Posted inMoney
Union benefits package looms large over CT campaigns
The contract guaranteeing pensions and other benefits to CT state employees expires June 30, but few candidates are discussing its renewal.
Posted inMoney
Report: SNAP benefits vanishing faster than CT officials expected
Nearly 63,000 people in CT have lost federal nutrition benefits since last July — roughly double officials’ projections, a new report says.
Posted inHealth
Many immigrants with legal status could lose Medicare coverage
Hundreds of lawfully present immigrants in CT could lose Medicare health coverage in January, and officials must decide whether to help.
Posted inPolitics
Lamont sticks to a fiscal discipline not always applauded by labor
Unions support Gov. Ned Lamont, even if they remain unenthused about his hostility to committing to new things that have a recurring cost.
Posted inMoney
As prediction markets grow, CT comptroller warns of ‘dark side’
Sean Scanlon’s report found the platforms have led to gambling addiction and insider trading, and have been marketed to people under 21.
Posted inMoney
Lamont’s fiscal success rests on foundation laid by Malloy, others
Former Gov. Dannel P. Malloy and legislators who served with him ordered tax hikes that generated billions for CT during Ned Lamont’s tenure.
Posted inHuman Services
Nearly 18,900 CT children have lost SNAP benefits over past year
CT’s 15.7% rate of children losing SNAP benefits is worse than the 13% rate reported in a survey of 19 states where data was available.
Posted inMoney
Bronin, Larson rake in money for primary. Who’s donating to them?
Wealthy individual donors and political action committees are shaping the four-way Democratic primary for CT’s 1st Congressional District.
Posted inMoney, Politics
Citizens’ group seeks to force gubernatorial debate on property tax
Municipal leaders hope a fresh look at CT’s enduring property tax problem will push gubernatorial candidates to confront the issue.