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Posted inMoney, Politics

Whistleblower suit: Disability pension system corrupt

A state whistleblower and former attorney for Connecticut’s retirement systems has filed a lawsuit alleging corruption and malfeasance in the handling of millions of dollars in disability pension benefits. The lawsuit expands upon concerns raised last week by the state’s auditors and alleges that mishandling has put the state’s retirement systems at risk of losing federal tax law protection.

Posted inMoney

Lembo: Time to fix worsening state budget deficit is now

State Comptroller Kevin P. Lembo agreed Wednesday with nonpartisan analysts that the budget deficit is worse than Gov. Dannel P. Malloy administration is projecting. But while Lembo also urged the governor and legislature “proceed without delay” to reduce the shortfall, his $172.8 million deficit forecast falls just short of the level that would compel the governor to prepare a deficit-mitigation plan.

Posted inPolitics

GOP says Lembo ignored deficit to shield Malloy

Connecticut’s budget debate boiled over late Tuesday as the legislature’s top Republicans charged that Comptroller Kevin P. Lembo’s political affiliation has trumped his fiscal integrity. Sen. Len Fasano and Rep. Themis Klarides accused Connecticut’s chief fiscal watchdog of ignoring red ink to help Gov. Dannel P. Malloy – a fellow Democrat – save face.