Connecticut’s unemployment rate cracked the 7 percent floor for the first time in five years in April thanks to 2,200 new jobs created, the state Labor Department reported Thursday.
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Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
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New site allows viewers to track CT finances day-by-day
State Comptroller Kevin P. Lembo announced the re-launch Tuesday of a site that will provide updated details daily on the money coming into – and going out of – the state’s coffers.
Posted inMoney, Politics
Do ads promoting the CT economy help Malloy?
The administration of Gov. Dannel P. Malloy began a $569,637 television campaign Monday promoting the state as a place to do business, drawing complaints from a Republican gubernatorial candidate over plans to run some of the ads on cable systems and stations in Connecticut.
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Malloy signs aerospace investment act
Gov. Dannel P. Malloy signed a bill Friday that authorizes up to $400 million in tax breaks to United Technologies Corp. in return for the company’s investment of $500 million in four projects.
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Connecticut’s looming deficit threatens next year’s tax breaks
Gov. Dannel P. Malloy tried to stay upbeat Thursday about a legislative session that began with the promise of tax cuts, but ended with this relief being postponed in the face of a projected budget deficit.
Posted inEducation, Energy & Environment, Health, Money, Politics
Winners and losers: The 2014 legislative session
The 2014 legislative session ended at midnight Wednesday. As usual, some folks came out happy. Others are already plotting their strategies for next year. Here’s a look at the groups that won and lost this session.
Posted inEnergy & Environment, Health, Money, Politics
An eclectic last night: Hospitals, fracking, eels — and deals
The General Assembly moved fitfully through the last day of its 2014 session Wednesday, as the Senate offered six hours of tributes to departing leaders, and House Republicans voiced at length their opposition to a fracking waste bill, preludes to a final burst of deals and votes before midnight adjournment.
Posted inEducation, Health, Money, Politics
Breaking down a 300-page ‘implementer’ bill
Many policies get created or changed through an end-of-session bill known as an implementer — a voluminous piece of legislation needed to enact the policy changes that go with the state budget. It also typically holds a wide range of other amendments added by the party in power. Here’s what’s in this year’s implementer.
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State to design retirement plan for private-sector workers
Connecticut took a major step forward toward offering a state-administered retirement plan for private-sector workers, similar to the 401(k) plans offered by many businesses.
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Lawmakers launch two-year study of Connecticut tax system
This policy change would launch a two-year overhaul of Connecticut’s $16 billion-a-year tax system – a move some legislators have predicted could be the most dramatic overhaul of state finances since the income tax was enacted 23 years ago.
Posted inHealth, Money, Politics
Health IT agency getting axed
The quasi-public agency set up to promote the use of electronic medical records is being eliminated as part of budget implementation legislation that’s expected to pass the General Assembly.
Posted inMoney, Politics
Will CT keep sharing casino revenues with towns after the election?
The bill ends a requirement that cities and towns share in the proceeds from video slots from the state’s two casinos.
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New limit placed on judges’ pensions
One of the late additions to the implementer was a change in how pensions are computed for judges who retire after less than 10 years of service — a reaction to the recent appointment of a politically prominent judge, Anthony V. Avallone, 66, who will who get a $100,000 pension after less than four years of service.
Posted inEducation, Energy & Environment, Health, Money, Politics
Legislature adopts financing for education, job initiatives
The Legislature approved a major financing bill late Tuesday that dramatically expands pre-school programs in public schools, and tackles overdue repairs and renovations at the state universities and community colleges.
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Web-based taxi cab competitors hit streets of New Haven
New Haven — One trip, with a new Web-based service in town called Lyft, represented the future. The other, with an old-school taxi, represented the past
