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Panel wants rate rollback for electric customers diverted to bail out state budget

Nearly $1.8 billion slated to come off most Connecticut consumers’ electric bills over the next decade would remain in place to help balance the state budget under a plan adopted Tuesday by the legislature’s Finance, Revenue and Bonding Committee. The Democrat-controlled panel voted 37-19, largely along party lines, to approve the so-called securitization bill, which […]

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Griebel raises $300,000, others still tallying

Republican gubernatorial candidate Oz Griebel has raised $300,000 since declaring his candidacy two months ago, his campaign announced Tuesday. Griebel was the only candidate to release fundraising results for the first quarter, which ended March 31. No reports have to be filed with the State Elections Enforcement Commission until April 12. Republican Mark Boughton said […]

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Chamber leaders oppose health insurance mandates

Chamber of commerce leaders are calling on the legislature to reject the 15 different bills that mandate increased health insurance coverage for various medical conditions. “We need a moratorium on new health care mandates,” said JoAnne Ryan, president of Northwest Connecticut’s Chamber of Commerce. Chamber leaders say the costs imposed on insurance companies will be […]

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Finance panel to securitize electric bills, declines Keno option

The legislature’s Finance, Revenue and Bonding Committee is expected to approve selling future revenues tied to monthly electric bills for pennies on the dollar to provide $1.3 billion to help balance next fiscal year’s budget, sources said this afternoon. The committee, which began meeting 10 minutes ago, also will not back an alternative securitization plan, […]

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Lawmakers cut some of their projects, and some of the governor’s as well

The legislature’s bonding panel offered its own plan Monday to keep state government under its credit limit. But while the Finance, Revenue and Bonding Committee recommended canceling more than 180 projects previously approved for funding – including dozens of community and regional projects in lawmakers’ home districts – it also targeted millions in economic development […]

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Reform bill may mean federal aid for state health-care program

Passage of national health care reform apparently has ended a long-running stalemate between the legislature and the Rell administration over seeking federal reimbursement for a state-funded health care program. Three times over the last seven years, the legislature has directed the state Department of Social Services to apply for millions of dollars in federal matching […]

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