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CT Mirror

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Hartford bailout

Posted inMoney

Hartford bailout debate never materialized in 2019

Avatar photo by Keith M. Phaneuf July 11, 2019 @ 5:00 amMarch 5, 2022 @ 12:12 am

After dominating the final months of the 2018 General Assembly session, the battle over Connecticut’s bailout of Hartford dissolved with nary a whisper.

Posted inMoney

Malloy warns Democrats veto overrides could hurt them at the polls

Avatar photo by Keith M. Phaneuf June 20, 2018 @ 4:16 pmMarch 4, 2022 @ 11:34 pm

Gov. Dannel P. Malloy cautioned his fellow Democrats in the legislature Wednesday that pressing bills restricting the state bailout of Hartford and the governor’s authority over education aid could inflame urban voters at the wrong time.

Posted inPolitics

Malloy vetoes Hartford bailout limits, animal registry bill

Avatar photo by Mark Pazniokas June 14, 2018 @ 5:31 pmMarch 4, 2022 @ 11:33 pm

Gov. Dannel P. Malloy vetoed two bills Thursday, including a measure passed to quell anger over the state’s financial bailout of Hartford, and he cautioned lawmakers to fix significant errors in another law that imposes a surcharge on insurance policies to finance relief for owners of homes with crumbling foundations.

Posted inMoney

Bill to limit Hartford bailout faces opposition — from other cities

Avatar photo by Keith M. Phaneuf May 8, 2018 @ 4:40 pmMarch 4, 2022 @ 11:31 pm

A compromise measure to effectively end the state’s fiscal bailout of Hartford after five years has stalled in the House — because of opposition from Bridgeport and New Haven.

Posted inMoney

Surging revenues ease pressure on CT’s credit card

Avatar photo by Keith M. Phaneuf May 7, 2018 @ 6:42 pmMarch 4, 2022 @ 11:30 pm

Robust spring tax receipts have largely resolved a problem with the state’s credit card, sparing lawmakers from having to cancel hundreds of millions of dollars in planned capital projects.

Posted inMoney

Senate adopts bill to end Hartford bailout after five years

Avatar photo by Keith M. Phaneuf May 5, 2018 @ 7:40 pmMarch 4, 2022 @ 11:30 pm

The Senate overwhelmingly approved a bipartisan compromise measure to effectively end the state’s fiscal bailout of Hartford after five years.

Posted inMoney

House leaders won’t block GOP bid to limit Hartford bailout

Avatar photo by Keith M. Phaneuf May 5, 2018 @ 5:00 amMarch 4, 2022 @ 11:30 pm

One day after Connecticut approved a five-year fiscal recovery plan for Hartford, House Democratic leaders said they wouldn’t block a Republican proposal to effectively end the state bailout of the capital city after the upcoming fiscal year.

Posted inMoney

Bridgeport casino, Hartford debt aid complicate CT budget talks

Avatar photo by Keith M. Phaneuf May 4, 2018 @ 12:38 amSeptember 4, 2022 @ 10:37 pm

With just five days left in the legislative session, a stubborn wrinkle is complicating efforts to craft a new state budget: regional politics.

Posted inMoney

Hartford bailout sparks schism over impact on state’s debt limit

Avatar photo by Keith M. Phaneuf April 30, 2018 @ 2:57 pmMarch 4, 2022 @ 11:28 pm

While state Treasurer Denise L. Nappier called the Hartford bailout deal “a non-issue” when it comes to the state’s debt limit, the other state official who OK’d the deal — Gov. Dannel P. Malloy — disagrees, and wants lawmakers to address the problem with Connecticut’s credit card now.

Posted inMoney

CT budget debate goes down to the wire

Avatar photo by Keith M. Phaneuf April 30, 2018 @ 5:00 amMarch 4, 2022 @ 11:28 pm

Even if state analysts project income tax receipts will surge again next fiscal year, the prospects of a new budget deal before the session ends on May 9 hinge on lawmakers’ solving several partisan conflicts.

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