Posted inMoney, Politics

Malloy offering compromise on the budget to legislators today

Gov. Dannel P. Malloy will submit budget revisions to the legislature today, a compromise in which he would cut funding for an administration priority, transportation, and restore some of the funding legislators have demanded for hospitals and schools. In return, he asks that lawmakers minimize their use of one-time revenues to balance spending in 2016-17.

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Senate passes retirement security bill, but it might not be the final word

The Senate narrowly gave final passage Saturday to a controversial proposal that would require certain private-sector employers to automatically enroll workers in retirement savings plans overseen by a new quasi-public authority. But while the bill has passed both the House and Senate, it could still undergo changes.

Posted inMoney, Politics

CT budget talks remain gridlocked as pols jab via Twitter

State budget talks continued to stall Saturday as Gov. Dannel P. Malloy’s administration and Democratic legislative leaders remained at odds over how to resolve a nearly $1 billion shortfall in the fiscal year that begins July 1. And though talks — which bogged down late Friday — remained in limbo, Democratic legislative leaders insisted they are ready to resume talks with the governor at any time.

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