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Malloy directs agencies to save $130M to balance new CT budget

Gov. Dannel P. Malloy assigned nearly $130 million in total savings targets Thursday to dozens of state agencies to help balance the new state budget that begins Friday. Although legislators assigned limits in some cases to spread the burden out among as many agencies as possible, the cuts fell heaviest on social services and education. Continue Reading →

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Malloy orders more cuts as lawmakers vow to close deficit by April 1

While legislators committed Wednesday to close a $220 million hole in state finances by March 31, Gov. Dannel P. Malloy ordered $79 million in emergency cuts, two-thirds of which hit social service agencies and education. Continue Reading →

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State must cut its borrowing to avoid maxing out credit card

Connecticut is on pace to exceed its hard credit card limit by more than $320 million in two years — a projection that will tighten available borrowing for local schools, public colleges and universities, state building renovations and various projects in legislators’ districts. Continue Reading →

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Democrats: Suspend public financing of elections, cut transportation and local aid

The leaders of the legislature’s Democratic majority Monday recommended suspending the state’s public-financing of elections for 2016, cutting social services and retreating from two major initiatives on transportation and municipal aid. Continue Reading →

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Malloy pitches $350M in cuts; GOP wants mix of cuts, labor savings

Gov. Dannel P. Malloy presented legislators Thursday with almost $350 million in budget-cutting options that would fall heavily on social services, education and municipal aid, according to documents obtained by The Mirror. Meanwhile, leaders of the legislature’s Republican minority offered an array of spending cuts and new restrictions on state employees’ wages and benefits, all of which presumably would require negotiations with labor unions. Continue Reading →

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Congress shuts loan program that helps thousands of CT students

WASHINGTON – Congress may have averted a government shutdown, but failed to prevent the demise of the nation’s oldest student aid program, known as the Perkins loan. Thousands of Connecticut students use this program to help finance their education. Continue Reading →

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