Concessions2017

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Analyses show concessions would save $24B over two decades

The tentative concessions framework struck by Gov. Dannel P. Malloy and state employee union leaders would save $4.8 billion over the next five years and $24.1 billion over the next two decades, according to analyses prepared by the administration, Connecticut pension actuaries and its healthcare consultant. Continue Reading →

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Concessions draw Democrats’ praise, Republicans’ skepticism

Top Democrats in the House and Senate praised the deal and said trying to close a $5.1 billion deficit in the next budget without the $1.5 billion in potential savings from concessions would be the worst-case scenario. But their GOP counterparts had a very different perspective. Continue Reading →

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