A report attributed much of CT’s lackluster economic performance to high costs of living — particularly housing and child care expenses.
Education Reform Now wants the state to bill wealthy districts and use some of the money to help poor communities.
The budget proposal saves $140 million by assuming no raises for bargaining units with contracts currently in negotiations.
Connecticut continues to pay millions of dollars annually in pension benefits beyond federal and contractual limits, state auditors reported Monday.
Gov. Ned Lamont conceded Tuesday that he won’t win new limits on cost-of-living adjustments to state employee pensions in time to build savings into the next state budget.
Rep. John Larson’s bill would boost Social Security benefits, and provide more generous cost-of-living increases.
Connecticut cities and towns will face millions of dollars in added costs next fiscal year because of state-mandated changes in how municipalities must save for their workers’ pensions.
Gov. Dannel P. Malloy would be hounded by the debt-riddled state finances he inherited, pension obligations that would force deficits and tax hikes while leaching dollars from transportation and other programs. But Malloy also would be the first governor in modern history not to saddle future generations with pension costs owed during his administration.
Independent gubernatorial candidate Oz Griebel says his proposal to defer pension contributions to avert a post-election state budget deficit is a risk, but not as extreme as maintaining state government’s fiscal status quo.
While past governors legislatures and governors get much of the blame for Connecticut’s massive pension debt, a new analysis says politically appointed oversight boards should share the heat both here and in other states.
Independent gubernatorial candidate Oz Griebel, who has struggled to attract financial and political support, told reporters Thursday that he would empty the Rainy Day Fund and suspend contributions to the state’s underfunded pension system to help close a huge, post-election state budget deficit.
Former hedge fund manager David Stemerman is trying to distinguish himself in the crowded field of Republican candidates for governor with a radical political and legal strategy for attacking Connecticut’s massive unfunded pension liability.
Hartford Democrat Denise L. Nappier, one of Connecticut’s longest-serving state treasurers and the first African-American woman in the nation to hold that post, announced Wednesday she will not seek a sixth term.
Gov. Dannel P. Malloy has called on state lawmakers to restructure Connecticut’s contributions into its cash-starved teacher pension fund, deferring some expenses for decades but mitigating huge, projected cost spikes in the coming 15 years.
The future of Connecticut’s finances, transportation network and general well-being hinges largely on government — and the legislature in particular — reversing a long-standing culture of postponing hard choices, Gov. Dannel P. Malloy told Hartford area business leaders Friday.