Mind the GAAP: Malloy meets the CPAs

Dannel P. Malloy may well be the only governor in the country who tries to rev up audiences with references to “generally accepted accounting principles.” But that wasn’t enough Monday, not for the Connecticut Society of Certified Public Accountants. On behalf of 300 of his fellow CPAs, Michael L. Kraten wanted more from Malloy, the […]

FARMINGTON–Officials of the state’s community college system, a point of entry to higher education for thousands of low-income and non-traditional students, are considering ending the longstanding “open door” admissions policy because of a projected $44.3 million budget deficit over the next two years. “We are caught between two numbers. We cannot afford to take in […]

Gov. Dannel P. Malloy bobbed and weaved a bit Monday when asked about his inability to find a permanent transportation commissioner, but the answer to the question may have been right behind him: the interim chief, James Redeker. Malloy acknowledges he has developed a solid relationship with Redeker, 57, a New Jersey transit official who […]

A plan to borrow $956 million to help balance the current state budget–to be paid off largely through a controversial surcharge on electricity bills–no longer is necessary thanks to another surge in forecasted state revenues, Gov. Dannel P. Malloy’s administration reported. But it remained unclear Monday afternoon what that would mean for the $1.2 million […]

It was given up for dead during the administration of Lowell P. Weicker Jr. in the early 1990s and again in 2009 under M. Jodi Rell, but Gov. Dannel P. Malloy today breathed new life into the idea of completing Route 11. With the blessing of the Federal Highway Administration, Malloy revived planning for an […]

A modest tax increase on insurers seemed to be the least of the Malloy Administration’s fiscal challenges in February. But it triggered a string of unintended consequences that threaten the complicated underpinnings of Connecticut’s emerging film industry: the market value of tax credits. The unresolved dispute over a seemingly minor tax change is a story […]

NEW HAVEN–Sometime next month, Rob Glassman, like other teachers throughout this city’s public school system, will get his own report card. He will be rated on a variety of factors–including the progress of his sixth-grade students–under a complex new system that is being watched closely by educators and policymakers from Hartford to Washington, D.C. New […]

The Libyan conflict is two months old, and while lawmakers have had plenty to say about the U.S. military action, Congress hasn’t officially taken any votes. That could change this week. Sen. Joseph Lieberman joined with a half-dozen other senators on Monday to endorse the “limited use of military force” by the U.S. in Libya. […]

Aetna’s CEO Mark Bertolini had to stop mid-speech at his company’s annual meeting on Friday when protestors disrupted the session. The health insurance giant, based in Hartford, was having its annual conference in Philadelphia, reports the Associated Press, when demonstrators got into the meeting and started chanting about federal health reform. The story doesn’t say […]

It ain’t American Idol, but what these videos lack in sex and snaz, they make up for in substance. The Alliance for Health Reform, a nonpartisan think tank, has launched a series of videos to help illuminate key questions about health reform. One of the first snippets hits on a hotly debated question-whether health reform […]

Though unionized state employees can avoid layoffs for four years by granting the wage concessions sought by Gov. Dannel P. Malloy, the administration still has the flexibility to impose layoffs on hundreds, even thousands of new workers who might be hired in the next four years. Three high-ranking administration officials confirmed that option during a […]

WASHINGTON–At 74, Barbara Kennelly decided to give up her job as CEO of a major Washington lobbying organization. The reason? So she could jump into the trenches of a blistering political fight–the one now brewing in Washington over entitlement reform–as a lobbyist for Social Security Works, another D.C. advocacy group. “This way I can really […]

WASHINGTON–Between the bombshell comments by Republican presidential hopeful Newt Gingrich and the headlines from a dry but urgent 273-page financial status report, Medicare has taken center stage in the current political debate. Connecticut’s Democratic House members have collectively held more than a half-dozen town hall meetings on the issue in recent days, mostly to blast […]

The agreement between state employee unions and the Malloy administration counts on a nearly 10 percent savings in employee and retiree health care costs in the first year from changing the way the benefits plan is designed. The concept behind it–structuring the plan to encourage workers to take care of their health–is already used widely […]