Budget 2016

Recent Posts

Measure strips $1B in bonded projects off of CT’s credit card

The Senate voted late Thursday rebalance Connecticut’s credit card in the face of shrinking tax revenues, canceling or delaying about $1 billion in financing for a wide array of projects and programs, and to authorize $380 for municipal school construction, down significantly from recent years. Continue Reading →

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Malloy, Democrats bring very different perspectives to budget crisis

While Gov. Dannel P. Malloy is challenging his fellow Democrats in the legislature to focus less on their re-election chances and more on Connecticut’s budget crisis, legislators respond that the Democratic governor did not lead by example when dealing with the budget during his last re-election bid. Continue Reading →

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Critics: Proposed children’s dental cut threatens CT’s turnaround

Connecticut leads the nation in the percentage of kids covered by Medicaid who go to the dentist – a dramatic change from a decade earlier, when the state ranked near the bottom, according to a national report. But dentists and advocates who have studied the changes say that progress could be set back under a proposal by Gov. Dannel P. Malloy to cut the Medicaid payment rates for children’s dental care by 10 percent. Continue Reading →

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Malloy calls for big change in pension financing, modest business tax cuts

EAST HARTFORD — Gov. Dannel P. Malloy outlined Wednesday a sweeping plan to overhaul state government’s pension system, pushing some costs off for a decade and a half to control spiking costs that he argued could drive up taxes and drain vital programs. He also proposed modest cuts in business taxes and a cut of 500 state workers. Continue Reading →

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Hartford HealthCare, Day Kimball suspend talks, citing state’s ‘reckless’ cuts

Hartford HealthCare and the parent company of Day Kimball Hospital say they have suspended plans to consider an affiliation because of “severe and unexpected” cuts in Medicaid payments, a reference to $192 million in funding reductions Gov. Dannel P. Malloy made to hospitals last month. Continue Reading →

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Hospitals could face larger cut

The governor cut $192 million in Medicaid funding for hospitals last month, but the actual hit to hospitals could end up being 25 percent higher. The state is holding back additional payments that weren’t part of the cost-saving measure, and the governor’s budget office said decisions about whether to pay them will be “based on whether we have enough money to keep the budget in balance.” Continue Reading →

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Hospital CEO pay: red herring or key in state funding debate?

As hospital leaders warn of potential job cuts and service reductions in response to state funding cuts, the six- and seven-figure pay packages of Connecticut hospital executives have emerged as a point of contention — to some, a red herring to distract from the state’s fiscal policy, while others view it as a way to point out misplaced priorities at nonprofit hospitals at a time when executive pay and income disparities have become a rallying cry in national politics. Continue Reading →

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Few who lost Medicaid have purchased insurance

When state lawmakers scaled back Medicaid eligibility for thousands of low-income parents to help balance this year’s budget, proponents argued the parents could buy deeply discounted coverage through the state’s health insurance exchange. But so far, fewer than 20 percent of those who lost coverage at the start of this month have signed up. Continue Reading →

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