Despite decrying the budget gimmicks of his Republican predecessors, Gov. Dannel P. Malloy is employing some fiscal tricks himself, using $70 million in borrowing and other gimmicks to balance his latest spending plan.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inMoney, Politics
Malloy’s State of the State: ‘Real progress’ in Connecticut
In his fourth and final State of the State address before facing re-election, Gov. Dannel P. Malloy delivered a ringing defense Thursday of his response to an inherited fiscal crisis and a rebuke of critics whom he says refuse to acknowledge a slow, yet measurable recovery from recession.
Posted inEducation, Health, Money, Politics
Malloy offers lean $19 billion re-election year budget
Updated at 2:02 p.m.: Gov. Dannel P. Malloy offered a $19 billion budget Wednesday that — among many other proposals — would give tax breaks to middle-income households, consumers and towns while limiting spending growth to just under 3 percent.
Posted inHealth, Money
Home care, Medicaid pay, inmate health care in Malloy proposal
Gov. Dannel P. Malloy’s proposed budget expands home care programs, creates a new medical assistance program for ex-inmates and provides money to pay primary doctors who treat Medicaid patients. It doesn’t offer any respite to hospitals.
Posted inEducation, Money
Malloy proposes universal preschool access
The governor is proposing that every child in Connecticut have access to preschool by 2018.
Posted inMoney, Politics
Malloy, legislators begin sprint to November as 2014 session opens
Gov. Dannel P. Malloy and state legislators begin writing the narrative for their campaigns today as the governor delivers his budget address on the first full day of the General Assembly’s three-month election-year session.
Posted inMoney
Leonardi cool on federal regulation of insurance industry
Connecticut’s insurance commissioner told members of Congress Tuesday he has serious reservations about extending federal oversight of the insurance industry. Thomas Leonardi, commissioner of Connecticut’s Insurance Department, was invited by a Republican member of the House Financial Services Committee to weigh in on new federal oversight of the insurance industry, which is largely regulated by the […]
Posted inMoney, Politics
Blumenthal pushes bill to prevent Target-like data breaches
Washington – As executives from Target and Neiman Marcus prepared to tell a Senate panel how hackers stole personal information from millions of their customers, Sen. Richard Blumenthal introduced a new data security bill.
Posted inMoney, Politics
Malloy wants a $10.10 minimum wage in Connecticut by 2017
Gov. Dannel P. Malloy wants Connecticut to be the first state to commit to meeting President Obama’s goal of a $10.10 minimum wage, proposing a series of increases Tuesday that would reach the mark on Jan. 1, 2017. One Republican opponent cautiously embraced the idea.
Posted inMoney, Politics
Election-year politics, future deficit, limit CT budget options
Election-year politics. A large future deficit. A sticky constitutional cap. Budget obstacles are everywhere as legislators return Wednesday to the Capitol for the 2014 General Assembly session.
Posted inMoney
CT has highest rate of families leaving state, but population is increasing
Although more families may be leaving Connecticut than are moving in, the state’s population still increased between 2003 and 2012, Census Bureau statistics show.
Posted inHealth, Money, Politics
Malloy would expand renters’ aid to 12,700 Connecticut seniors
Gov. Dannel P. Malloy proposed expanding a renters’ rebate program to serve an additional 12,700 low-income elderly residents next fiscal year, ending a controversial freeze that originated in his administration.
Posted inMoney
Economists: Connecticut must lean less on Wall Street
The economy may be improving, but Connecticut leaders better not count on a return to the ‘boom-boom’ years of the 1980s and ’90s.
Posted inMoney, Politics
Malloy offers modest tax breaks for retired CT teachers, consumers
Gov. Dannel P. Malloy proposed a second round of tax cuts Friday, including a new income tax break for retired teachers that could provide a strategic edge in his re-election bid.
The governor also backed a sales tax exemption for non-prescription medications, an insurance premium break for cities and towns, extending a credit for business investors and a two-day state park fee holiday.
These breaks, worth about $52 million in the fiscal year that begins July 1, would be in addition to the $155 million sales and gasoline tax rebate Malloy unveiled Thursday.
Posted inEducation, Money, Politics
Governor gets 1,240 pages of requested changes from CT residents
Thousands of people from across the state wrote Gov. Dannel P. Malloy after he asked residents to let him know about obsolete, burdensome, or otherwise ineffective state regulations. Here are a few highlights.
