State Treasurer Denise L. Nappier announced Tuesday she will not support Gov. Dannel P. Malloy’s proposal to borrow $10 million to finance a new analysis of electronic tolling.
Denise L. Nappier
Posted inPolitics
Is it possible to balance statewide tickets in age of primaries?
Denise Nappier’s decision not to seek re-election as state treasurer is bound to reopen a debate over how to preserve one of the most enduring traditions in Connecticut politics: Nominating a string of racially diverse statewide Democratic tickets, beginning in 1962 with the choice of Gerald A. Lamb as the first black state treasurer in the U.S.
Posted inMoney, Politics
Nappier fears CT may lose discipline on funding pensions
As she begins her final year as state treasurer, Denise L. Nappier fears Connecticut may be retreating from the gains it’s made over the last decade in responsibly tackling its huge retirement benefit liabilities.
Posted inPolitics
Nappier to end 20-year tenure as CT’s treasurer
Hartford Democrat Denise L. Nappier, one of Connecticut’s longest-serving state treasurers and the first African-American woman in the nation to hold that post, announced Wednesday she will not seek a sixth term.
Posted inEducation, Money, Politics
Shifting pension costs from state to teachers costs CT $20M
The transfer of tens of millions in required annual contributions to the teachers’ pension fund from the state and onto educators will increase the state’s long-term pension debt by more than $20 million, according to state Treasurer Denise L. Nappier.
Posted inMoney
Lengthy CT budget debate leaves capital program low on cash
Connecticut’s long-running battle to adopt a new state budget has left the capital program used to build schools, roads and bridges low on cash.
Posted inMoney
Nappier: CT pension investments earned big returns
Connecticut’s cash-starved pension funds for state employees and municipal teachers got a big boost last fiscal year, state Treasurer Denise L. Nappier reported Monday.
Posted inMoney
Nappier pitches dedicating share of income tax to control borrowing costs
After watching its standing fall on Wall Street in recent years, Connecticut may have to pledge a portion of its income tax receipts when borrowing for future capital projects. State Treasurer Denise L. Nappier unveiled a program Monday she says will help control borrowing costs and enable the state to rebuild its depleted reserves.
Posted inMoney
CT faces legal roadblock to easing rising teacher pension costs
While state government continues to explore spreading its pension debt among future generations, Connecticut apparently won’t have that option when it comes to benefits owed its public school teachers.
Posted inMoney, Politics
New CT budget contributes to credit downgrades from Wall Street
The new state budget’s ability to mitigate longstanding fiscal problems got poor marks Thursday on Wall Street as two of the four major rating agencies downgraded Connecticut’s credit ranking — probably boosting borrowing costs in the future.
Posted inMoney
Most Wall Street agencies have ‘negative outlook’ on CT finances
Three of Wall Street’s four major credit rating agencies have assigned a “negative outlook” to Connecticut’s bond rating — a warning that the state could face a downgrade, and higher borrowing costs in the next year or two.
Posted inMoney
Nappier: Malloy’s budget doesn’t cover state’s credit card bill
Gov. Dannel P. Malloy’s new budget proposal could be $50 million to $74 million out of balance if state Treasurer Denise L. Nappier and the legislature’s nonpartisan analysts are correct about what Connecticut owes on its credit card.
Posted inMoney, Politics
Borrowing to pay off debt could poke new holes in CT’s budget
The state’s controversial practice of borrowing to pay off debt now threatens to poke new holes in the budget — a small one this fiscal year and a larger one after June — just a few weeks after lawmakers and Gov. Dannel P. Malloy wrapped a special session to balance the books.
Posted inMoney
Treasurer offers alternative vision for state pension fix
Connecticut faces sharply rising pension costs over the next two decades — but nearly $2 billion less at its worst point than the nightmare scenario Gov. Dannel P. Malloy outlined two months ago, according to a new analysis Wednesday from state Treasurer Denise L. Nappier.
Posted inMoney, Politics
Treasurer raises more concerns about Malloy’s plan for pensions
While Gov. Dannel P. Malloy intensified his pitch Tuesday to restructure Connecticut’s troubled pension funds, state Treasurer Denise L. Nappier repeated earlier fiscal concerns — and raised new legal questions. The treasurer also said she would offer a “less radical” alternative next month to the governor’s plans for pensions involving state employees and public school teachers.