Denise L. Nappier

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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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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Officials are a getting better handle on Connecticut’s checkbook

After dipping frequently into its capital programs for more than two years to pay its bills, state government may have turned a corner with its cash flow troubles. The latest monthly report from state Treasurer Denise L. Nappier, submitted this week and covering July, shows a third consecutive month during which Connecticut paid its bills without having to employ any controversial transfers from capital projects. Continue Reading →

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