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Posted inNews

Dodd proposes sweeping financial reforms

After months of hearings and negotiation, U.S. Sen. Christopher J. Dodd, D-Connecticut, today proposed financial legislation that he called the “most significant reform since the 1930s.” “It creates a sound economic foundation to grow jobs. It protects consumers. It reins in Wall Street. It ends too-big-to-fail, and it prevents another financial crisis of this magnitude,” […]

Posted inNews

Lawmakers balk at electronic tolls, vote for study instead

The legislature’s Transportation Committee backed away from a proposal to immediately implement electronic toll collection at major state border crossings, but directed the Department of Transportation to study the idea. Rep. Antonio Guerrera, D-Rocky Hill, had been pushing for tolls to open immediately at seven state border locations, but said he did not have the […]

Posted inNews

Rell budget chief: It’s time for cities and towns to crack open their piggy banks

State government has emptied its savings to reduce the budget deficit, and Gov. M. Jodi Rell’s budget chief said this week it’s time for cities and towns to do the same. But municipal officials said their budget reserves already have been reduced to compensate for shrinking state aid. More importantly, they added, communities can’t exhaust […]

Posted inNews

House Republicans want to cancel longevity bonuses for state workers

Minority Republicans in the state House of Representatives called Thursday for the cancellation of tens of millions of dollars in bonuses due next month to senior state employees. House Minority Leader Lawrence F. Cafero, R-Norwalk, said the legislature and Gov. M. Jodi Rell should immediately repeal the law giving longevity bonuses to employees with 10 […]

Posted inNews

Tolls on the table again

Proposals to reinstate tolls on state roads have failed in recent years, but with Connecticut facing huge deficits, the Transportation Committee’s co-chairman says the idea is gaining momentum. “If we implement them today we are talking millions of dollars this year,” said Rep. Antonio Guerrera, D-Rocky Hill, whose committee will hear testimony on tolls today. […]

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Rise in million-plus incomes will shape future tax debate

Despite losses as the recession set in, Connecticut’s wealthiest households came through 2008 with a six-year record of income growth more than five times greater than that of the average taxpayer. Buoyed by a five-year stretch during which their collected adjusted gross income shot upward by more than 230 percent–a growth spike unmatched in the […]

Posted inNews

House GOP would cancel bonuses for senior state workers

Minority Republicans in the state House of Representatives called Thursday for lawmakers to cancel “longevity” bonuses due next month to 4,000 senior state employees. House Minority Leader Lawrence F. Cafero, R-Norwalk, also said Gov. M. Jodi Rell should ask unionized state employees to forfeit their longevity pay as state government grapples with a growing budget […]

Posted inNews

Bills would restrict employee background checks

With nearly 170,000 Connecticut residents struggling to find employment, a state legislative panel has endorsed new restrictions on when businesses can research individuals’ credit and criminal backgrounds. “Nearly half of the employers in this country go into workers’ credit history during the hiring process,” said Rep. Matthew Lesser, D-Middletown, co-sponsor of the bill restricting credit background checks. […]

Posted inNews

Moderate Democrats urge leaders to close budget deficit without more borrowing

An appeal from moderate Democrats for decisive leadership to close the state budget deficit left some lawmakers questioning Tuesday whether a rift has opened within the General Assembly’s majority party. A coalition of four senators and 11 representatives sent a letter to party leadership urging immediate action to close the $518.4 million deficit for 2009-10 […]