The legislature’s Executive and Legislative Nominations Committee voted Thursday to recommend that the full General Assembly confirm former Sen. Rob Kane of Watertown as the Republican auditor of public accounts, a legislative patronage post that oversees a staff of more than 100 professional auditors.
John C. Geragosian
Posted inMoney, Politics
Malloy administration approved costly financing for UConn outpatient facility
Gov. Dannel P. Malloy’s administration approved the controversial financing method for a University of Connecticut Health Center project that auditors say cost the state $77 million in “unnecessary” interest.
Posted inEducation, Money
Auditors: UConn ‘burdened’ CT with $77M in ‘unnecessary interest costs’
The University of Connecticut burdened the state with an estimated $77 million in “unnecessary interest costs” when it secured financing 19 months ago for a new ambulatory services center in at the UConn Health Center in Farmington, the state auditors of public accounts reported Wednesday.
Posted inEducation, Money
Auditors: More miscues managing CT teachers’ retirement system
The state agency that oversees benefits for 32,000 retired Connecticut teachers came under fire again Thursday from the state auditors. Among other things, it failed to keep track of $50 million owed to a retirement health care program throughout most of 2012 and 2013.