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Posted inMoney, Politics

Outgoing CT budget springs another leak, could threaten next year’s as well

Less than one month after Gov. Dannel P. Malloy and legislators closed a $220 million deficit in the budget that ends June 30, eroding tax receipts helped punch a new $141 million hole in finances, the administration reported late Wednesday. The last-minute shortfall in the outgoing budget threatens to intensify a bitter, fight over how to balance the next state financial plan.

Posted inMoney, Politics

Union negotiator’s rebuke blasts GOP over call for concessions

Union leaders have been consistent, if somewhat restrained, in their opposition to granting another round of employee concessions to mitigate looming state budget deficits. But that restraint ended last week when the unions’ chief negotiator sent a stinging rebuke to the Republican legislative leaders who issued the first call for concessions 12 months ago.