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For struggling homeowners, a chance for mortgage relief

With 28,000 mortgages in foreclosure, state officials are stepping up efforts to help struggling homeowners by sponsoring an all-day event in Hartford next week where borrowers can meet one-on-one with lenders and counselors. “We encourage any Connecticut homeowner that’s having trouble paying their mortgage to come to the event,” Banking Commissioner Howard F. Pitkin said […]

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Consultants offer UConn plan to cut spending, raise revenues

Consultants gave University of Connecticut officials the results of their $4 million study of the school’s operations Thursday: a plan to improve UConn’s finances through a combination of personnel reductions, spending efficiencies and revenue increases. The final report by McKinsey & Company projects annual savings and revenue increases totaling $7.6 to $12.8 in the current […]

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A little post-election spin

A smiling Gov. Dannel P. Malloy offered the simplest analysis Wednesday of the previous night’s Democratic wins in municipal elections: “If you want to look at trends, the Democrats had a pretty good night.” By capturing Republican-held mayoral offices in Waterbury, Milford, Manchester and Middletown, Democrats now control municipal governments in 14 of the state’s […]

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Malloy panel questions CL&P’s tree-trimming budget

Despite recent budget increases, Connecticut Light and Power Co. spent less on tree-trimming–after adjustments for inflation–and cleared fewer miles of wires last year than it did a decade ago, according to testimony state utility regulators submitted Wednesday to Gov. Dannel P. Malloy’s panel studying responses to major storms. Also, state regulators noted while they measure […]

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Another nursing home could face closure

The operator of a Wethersfield nursing home is seeking state approval to close the 210-bed facility, one of the town’s largest employers and home to close to 180 residents. In its request to close Wethersfield Health Care Center, HealthBridge Management cited several factors including having too few residents to maintain operations, annual financial losses, Medicaid […]

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Changes at DCF cause concern on advisory panel

The sweeping changes the Department of Children and Families has made in recent months are drawing the ire of the agency’s advisory panel, whose members–as parents, community providers, child lawyers and foster parents–are seeing first-hand the ramifications. “You need to hear the crap that’s going on,” Janice Andersen, the deputy director of a Bridgeport-based group […]

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Storm means short-term economic pain but no lasting damage

The Oct. 29 snowstorm and its aftermath will do more damage to Connecticut’s economy than any short-term boost it offered to tree-trimmers, restaurants, and merchants selling chainsaws and batteries. But several Connecticut economists also said that while the burdens this storm has placed on the economy could reach into the tens of millions of dollars, […]

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