Posted inMoney

Malloy to Wall Street: Expect state borrowing to jump 40 percent this year

Gov. Dannel P. Malloy recently warned Wall Street the state plans to increase borrowing dramatically over the next year. But while Connecticut uses borrowing primarily to finance capital projects, Republican legislative leaders fear the planned spike also signifies that a disturbing trend of borrowing to cover day-to-day expenses will get worse.

Posted inPolitics

CT lawmakers tackle Social Security solvency problem

WASHINGTON – Connecticut lawmakers are promoting a plan they say would shore up the solvency of the Social Security system for 75 years — and give about 11 million seniors a tax break. U.S. Rep. John Larson, D-1st District, and U.S. Sen. Richard Blumenthal, D-Conn., introduced bills in the House and Senate Tuesday they say would eliminate a projected shortfall in the Social Security program.

Posted inPolitics

Connecticut’s unlikely history of casinos gets a new chapter

Failing to slam the door on casino gambling in 1991, Gov. Lowell P. Weicker Jr. cut the deal in 1993 that both gave the industry a foundation and firmly capped its reach in Connecticut — until now. Today, the legislature’s Public Safety and Security Committee holds a public hearing on what appears to be the strongest attempt in two decades to expand casino gambling off tribal lands.

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