The top executive as Connecticut’s quasi-public economic development agency, Claire Leonardi, will step down next month, the board of directors for Connecticut Innovations announced Thursday.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inMoney
CT unemployment rate ticks up despite November job gains
A gain of 4,600 jobs in November wasn’t enough to stop Connecticut’s unemployment rate from ticking upward slightly in the state’s last report before the New Year. The jobless rate rose from 6.4 to 6.5 percent, the Department of Labor reported Thursday, but the state has gained 25,700 jobs over the last 12 months.
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CT Mirror’s new podcast on taxes, spending and the economy
Welcome to our new podcast, where we take a close look at where the state government gets its money and how it chooses to spend it to address the state’s needs.
Posted inMoney, Politics
Palmer to stay as state labor commissioner
Gov. Dannel P. Malloy announced Tuesday he has reappointed Department of Labor Commissioner Sharon Palmer to serve a second term.
Posted inMoney, Politics
Malloy watch: Rubenstein leaving; Mullen, Klee staying
William Rubenstein will retire in January as the commissioner of consumer protection, while two others will return to the Malloy administration: Dr. Jewel Mullen at the Department of Public Health and Robert Klee at the Department of Energy and Environmental Protection.
Posted inMoney, Politics
Malloy taps Ojakian, Barnes and two commissioners for 2nd terms
Gov. Dannel P. Malloy announced Thursday that Chief of Staff Mark Ojakian, budget director Benjamin Barnes, Department of Economic and Community Development Commissioner Catherine Smith and Department of Revenue Services Commissioner Kevin B. Sullivan all will return.
Posted inMoney, Politics
CT housing gains slowed by economy, demographics
Connecticut increased affordable housing and reduced homelessness during Gov. Dannel P. Malloy’s first term, but “monumental demographic and economic pressures worked to slow that momentum,” according to a report released Thursday.
Posted inHealth, Money
Operation Fuel: Poor households in CT short $784M for heating bills
Poor Connecticut households this winter will face about $784 million in energy bills above what they can afford, according to a new study released Wednesday by Operation Fuel.
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New Haven—Hartford—Springfield rail upgrade on track
A $365 million project is underway to upgrade Connecticut’s 62-mile rail corridor and enable Amtrak to run 16 of trains along the New Haven-to-Hartford-to-Springfield track each day, up from the current six. That project—which includes adding tracks and fixing bridges and culverts — is on track to be completed some time in late 2016.
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Mary Finnegan: Three decades as CT fiscal linchpin coming to an end
She might be the most important person in state government that you’ve never heard of. The caretaker of thousands of bills for the legislature’s finance committee, arguably the assembly’s most powerful. The possessor of a deep passion for her Irish heritage and the Boston Red Sox. Mary Finnegan announced last week it was all coming to an end – except for her love of all things Irish and the Sox.
Posted inMoney, Politics
Defense bill has billions for new sub class, other CT-made weapons
WASHINGTON – The defense authorization bill making its way through Congress containins billions for submarines, helicopters and other weaponry made by companies in the state. It includes a special $3.5 billion fund for a new class of submarines that could be built by Electric Boat in Groton.
Posted inHealth, Money
Tug-of-war over limited state funds for CT’s developmentally disabled
Armed with a court expert’s new recommendation to close Southbury Training School, several advocacy groups argued Connecticut unfairly spends too much of its limited resources on a small class of institutionalized disabled while ignoring thousands awaiting community-based care.
Posted inMoney, Politics
Transportation a second-term priority for Malloy
Gov. Dannel P. Malloy outlined a major second-term policy goal Wednesday for the first time since his re-election, saying he will engage the public and political establishment in a broad discussion of how Connecticut must invest in transportation to compete economically in the 21st Century.
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Courts, legislature, watchdogs will tighten belts to reduce CT’s deficit
The state’s Judicial and Legislative branches have ordered nearly $7 million in spending cuts Gov. Dannel P. Malloy requested last month, relying heavily on hiring restrictions to reduce costs. And the state’s watchdog agencies also have agreed to find the 1 percent cuts Malloy asked for to help close a small mid-year deficit.
Posted inHealth, Money, Politics
Lembo confirms CT budget is $45M in the red after governor’s cuts
After applying Gov. Dannel P. Malloy’s recent emergency budget cuts, state finances are on pace to finish nearly $45 million in deficit, Comptroller Kevin P. Lembo reported Monday.
