Connecticut’s gubernatorial contenders battled Tuesday for the support of local mayors and first selectmen, pledging to preserve municipal aid and to ease pressure on property taxpayers.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inMoney, Politics
Malloy administration resumes ads promoting economy
The administration of Gov. Dannel P. Malloy is spending $403,963 to air television ads in October promoting Connecticut as a place to do business, putting a positive view of the state on regional TV at the height of the governor’s re-election campaign.
Posted inMoney, Politics
Last CT jobs report before election shows big gains
The last jobs report before Election Day showed Monday that Connecticut’s unemployment rate dropped in September to its lowest rate in six years, 6.4 percent.
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Foley, Malloy find common ground in GAAP
Who says Gov. Dannel P. Malloy and GOP gubernatorial challenger Tom Foley can’t find common ground? The fierce political rivals apparently agree on one topic, though it might not be the most pressing in the minds of voters: the ongoing conversion of state finances to Generally Accepted Accounting Principles.
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Malloy, Foley on economy: some harmony amidst discord
Despite their seeming ability to disagree about almost everything, Gov. Danel P. Malloy and Tom Foley share plenty of common ground about Connecticut’s future economic development. But it’s their respective track records that lead them to butt heads most frequently.
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Towns plead for more aid to fix deteriorating roads and bridges
Recent increases in state funding for municipal road and bridge repair haven’t been sufficient to reverse decades of shrinking assistance, or to prevent the steady deterioration of local infrastructure, the Connecticut Conference of Municipalities reported Thursday.
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JAX Genomic opens to Malloy’s cheers, Foley’s jeers
Gov. Dannel P. Malloy trumpeted one of his administration’s boldest investments Tuesday at the opening of a heavily subsidized genomic medicine research institute on the UConn Health Center campus in Farmington, but Republican gubernatorial challenger Tom Foley called its price tag too high.
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Feds say heating bills will drop this winter
Washington – There’s a bit of good news from Washington D.C. – the U.S. Energy Information Agency said Tuesday that no matter what fuel homeowners use to keep warm, heating bills will be lower than last year.
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A rough road ahead for transportation improvements
At first glance, Connecticut’s transportation system is in line for a big boost no matter who wins the race for governor. But as candidates tout their transportation platforms, they simultaneously espouse other fiscal positions that all but eliminate any hope of a major boost in transportation spending. The last of three parts.
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Budget choices, fiscal maneuvers undermine transportation funding
A growing list of long-desired projects deemed unaffordable by transportation officials isn’t the only challenge awaiting the next governor. Critics say a decade’s worth of poor budgetary decisions has left billions of dollars’ worth transportation financing approved in name only – and not converted into actual dollars spent on highways, bridges and railroads. The second of three in a series.
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Improving transportation in Connecticut: A decade of slow going
This year the state expects to rake in 40 percent more at the pumps, between wholesale and retail fuel taxes, than it did a decade ago. The transportation network hasn’t made similar progress. First of a three-day series.
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Feds provide $161 million toward replacing balky Norwalk rail bridge
The federal government Wednesday awarded Connecticut a competitive grant of $161 million toward replacement of the 118-year-old Walk Bridge in Norwalk, a movable bridge whose failure in the open position halted Metro-North and Amtrak traffic twice this year on one of the busiest rail corridors in the U.S.
Posted inEducation, Money, Politics
UConn touts its economic contribution but touches off a political dustup
The University of Connecticut outlined its significant impact on the state’s economy in a report released Wednesday, but it immediately became the center of a partisan dispute in Connecticut’s gubernatorial campaign.
Posted inMoney, Politics
Foley, Malloy vow to spend more on transportation, but offer no plans to pay for it
NORTH HAVEN – While Gov. Dannel P. Malloy and Greenwich businessman Tom Foley both vowed Monday to spend heavily on transportation, neither gubernatorial contender outlined any plans to pay for these investments.
Posted inEducation, Money
Auditors: More miscues managing CT teachers’ retirement system
The state agency that oversees benefits for 32,000 retired Connecticut teachers came under fire again Thursday from the state auditors. Among other things, it failed to keep track of $50 million owed to a retirement health care program throughout most of 2012 and 2013.
