Gov. Dannel P. Malloy’s administration announced Monday that state finances have been running almost $138 million in the black since the fiscal year began on July 1. Continue Reading →
CT has a surplus – for now
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Connecticut state budget
Recent Posts
Merged public college system needs major boost in state funds
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Faced with mandated pay hikes and surging pension costs, Connecticut’s public college and university system may need an 11 percent increase in state funding over the next two years to maintain current programs, according to a preliminary analysis from system administrators. Continue Reading →
Filed under: Budget/Economy, Higher Education, Board of Regents for Higher Education, Connecticut state budget
Despite no leverage, candidates promise labor concessions
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While all of Connecticut’s gubernatorial candidates say they want more concessions from unionized state employees, the reality is the next governor will have little leverage to force negotiations until his third year in office. So, how do you cut a state budget dominated by personnel expenses if you can’t eliminate personnel? Continue Reading →
Filed under: Budget/Economy, Labor, Politics, 2018 campaign, 2018 gubernatorial election, concessions, Connecticut state budget, SEBAC
Change is coming for nonprofit human service providers, but will it make or break them?
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It is a time of reckoning for Connecticut’s private, nonprofit social services. After two decades of flat or reduced funding from its chief client — state government — community-based agencies are struggling to retain both their programs and the low-paid staff who deliver care for thousands of poor, disabled and mentally-ill adults and children. Continue Reading →
Filed under: Budget/Economy, For Connecticut's nonprofits, a time of reckoning, Health Care, Labor, Politics, A deeper look, Connecticut state budget, CT Nonprofit Alliance
Panel seeks new ways to slow skyrocketing state pension costs
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A new panel is exploring how Connecticut can use state assets — both physical properties and revenue streams — to mitigate pension costs expected to surge dramatically over the next 15 years. Continue Reading →
Filed under: Budget/Economy, Connecticut state budget, Pension Sustainability Commission
Report: ‘Sin’ taxes pose fiscal — not health — risks for states
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Connecticut and most other states need to be cautious about their rapidly increasing reliance on cigarette and other volatile “sin” taxes, according to a new report from Pew Charitable Trusts. Continue Reading →
Filed under: Budget/Economy, Health Care, American Cancer Society, cigarette tax, Connecticut state budget, marijuana, Pew Charitable Trusts, smoking
Malloy does what legislators won’t: Orders $10 million study of tolling
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Gov. Dannel P. Malloy ordered state agencies Tuesday to develop a comprehensive, $10 million study of electronic tolling that would examine pricing, locations, and the potential to capture revenue from out-of-state motorists. Continue Reading →
Filed under: Budget/Economy, Economic Development, Politics, Transportation, Connecticut state budget, electronic tolling, Special Transportation Fund, tolls
CT builds its budget reserve — as post-election deficits loom large
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After three consecutive years of draining its emergency reserves, state government is on pace to deposit nearly $780 million in its rainy day fund. Continue Reading →
Filed under: Budget/Economy, Connecticut state budget, Rainy Day Fund
Meals for seniors caught in latest feud over CT budget cuts
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Republican legislative leaders are balking at the governor’s plans to cut $2 million from an elderly nutrition program. The governor must find $21.5 million in savings in the General Fund once the new fiscal year gets underway on Sunday. Continue Reading →
Filed under: Budget/Economy, Health Care, Connecticut state budget, lapses, senior meals
Feds OK first stage of new Connecticut hospital taxing system
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Connecticut received a key approval Friday for a new hospital taxing arrangement designed to draw $150 million in new federal money annually into the state’s coffers. Continue Reading →
Filed under: Budget/Economy, Health Care, Connecticut Hospital Association, Connecticut state budget, hospital provider tax
Malloy veto of education funding bill likely will stand
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Legislative leaders are leaning against attempting to override Gov. Dannel P. Malloy’s latest veto. The reason: they included what effectively amounts to duplicate language in a second bill the governor already has signed. Continue Reading →
Filed under: Budget/Economy, K-12, Politics, Schools/Child Welfare, Connecticut state budget, lapse, municipal aid, veto
Connecticut ‘locks’ into new budgetary restraints in three weeks
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In less than three weeks state government will contractually bind itself to a new series of budgetary controls for the next five years despite numerous warnings the maneuver could cause fiscal chaos. Continue Reading →
Filed under: Budget/Economy, bond lock, bonding, bonding cap, Connecticut state budget, revenue cap, spending cap, volatility cap
Regents: Extra state funds not a cure-all for a system in crisis
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A last-minute boost in state funding won’t stave off a looming fiscal crisis for Connecticut’s public colleges and universities, the Board of Regents for Higher Education reported Thursday. Continue Reading →
Filed under: Budget/Economy, Higher Education, Board of Regents for Higher Education, Connecticut state budget, Connecticut State Colleges and Universities, CSCU, fringe rate, Mark Ojakian
Legislature overwhelmingly enacts bipartisan CT budget
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The legislature overwhelmingly approved a new state budget shortly before their midnight deadline Wednesday that restores aid for towns; reverses health care cuts for the elderly, poor and disabled; and defers a transportation crisis — at least for another year. Continue Reading →
Filed under: Budget/Economy, Health Care, Labor, Politics, Regional Planning, Schools/Child Welfare, Transportation, Connecticut state budget
Collective bargaining, not money, dominates this budget fight
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Connecticut’s legislative leaders struggled into the early morning Wednesday in negotiations to resolve what may be the state’s strangest budget fight: It’s not about money. Continue Reading →