Gov. Ned Lamont’s administration expects to finish divvying up Connecticut’s $1.4 billion share of the Coronavirus Relief Fund next month.
Melissa McCaw
Posted inMoney
Lamont creates $75M pandemic relief fund for CT municipalities
Gov. Ned Lamont announced Thursday that $75 million in federal coronavirus relief funds would be made available to towns.
Posted inMoney
Connecticut’s record-setting rainy day fund is running on borrowed time
While state analysts struggle with economic uncertainty, they concede Connecticut’s vaunted budget reserve could be gone a year from now.
Posted inMoney
State Bond Commission runs hard into technical difficulties
“Should I be listening to the jazz music on CT-N?” asked Rep. Chris Davis, R-Ellington. The answer was no.
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Fiscal cure sought for UConn Health
Gov. Ned Lamont’s administration is questioning whether the state can afford to continue subsidizing the public teaching hospital.
Posted inMoney
Best of 2019: Lamont’s pension shift would leave CT’s children deep in debt
Faced with another huge deficit, Lamont and Democratic lawmakers are weighing whether to shift billions of dollars in pension debt onto the next generation of taxpayers.
Posted inHealth
Nursing homes gear up to fight state Medicaid cuts
Nursing homes set to lose Medicaid funding will challenge the state’s decision — otherwise, they face severe financial cuts.
Posted inMoney
Lamont orders budget director to oversee finances of CT Port Authority
Gov. Ned Lamont instructed his budget director on Friday to oversee all financial decisions made by the troubled Connecticut Port Authority and charged the panel with suspending all business except for an offshore wind-to-energy project.
Posted inEconomic Development
Lamont tells a Connecticut ‘turnaround’ story to Wall Street
Gov. Ned Lamont told the Wall Street Journal its dim view of Connecticut is outdated.
Posted inTransportation
An unenthusiastic response to Lamont’s tolls reboot
The legislature appears no closer to returning in special session to address the governor’s proposal to place tolls on the Merritt Parkway and Interstates 84, 91 and 95.
Posted inMoney
Lamont’s pension shift would leave CT’s children deep in debt
Faced with another huge deficit, Lamont and Democratic lawmakers are weighing whether to shift billions of dollars in pension debt onto the next generation of taxpayers.
Posted inPolitics
GOP defends plan to avoid tolls as Lamont administration calls for compromise
The gulf between Gov. Ned Lamont and GOP lawmakers on tolls grew even wider Thursday as Republicans called any long-term funding plan that includes the “toll monster” a non-starter.
Posted inMoney
Budget chief treads carefully in first meeting with lawmakers
Gov. Ned Lamont’s new budget director, Melissa McCaw, deftly maneuvered through a series of political landmines Tuesday in one of her first appearance before the General Assembly.
Posted inMoney
Middle-class growth sparks latest surge in CT tax receipts
OPM Secretary Melissa McCaw State income tax revenues surged upward again Tuesday, but this time it was the middle class — not the wealthy — behind most of the gains. A new report from fiscal analysts projects overall revenues this fiscal year will surpass budgeted expectations by $464 million — an improvement of $204 million […]
Posted inMoney
State’s next budget director brings straight talk and solutions
Connecticut’s new secretary of the Office of Policy and Management, Melissa McCaw, must help Gov.-elect Ned Lamont craft a long-term solution to a state fiscal crisis seven decades in the making. It’s a challenge she relishes, and that for which many say she is particularly well-suited.
