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Despite no leverage, candidates promise labor concessions

While all of Connecticut’s gubernatorial candidates say they want more concessions from unionized state employees, the reality is the next governor will have little leverage to force negotiations until his third year in office. So, how do you cut a state budget dominated by personnel expenses if you can’t eliminate personnel? Continue Reading →

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State employees overwhelmingly ratify concessions

Unionized state employees have voted by a wide margin to ratify the concession deal negotiated by the administration of Gov. Dannel P. Malloy, shifting the focus to a closely divided General Assembly, where Republicans say they will attempt to reject an agreement worth an estimated $1.57 billion over two years. More than 80 percent of the votes cast favored ratification. Continue Reading →

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Senate GOP: Overhauling labor laws would save more than concessions

Updated at 3:55 p.m.
Calling $1.5 billion in proposed union concessions insufficient given Connecticut’s $5 billion budget crisis, Senate Republicans called Wednesday for legislators and Gov. Dannel P. Malloy to dramatically reshape labor laws to force larger savings in wages and benefits — with or without union consent. Continue Reading →

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Concessions draw Democrats’ praise, Republicans’ skepticism

Top Democrats in the House and Senate praised the deal and said trying to close a $5.1 billion deficit in the next budget without the $1.5 billion in potential savings from concessions would be the worst-case scenario. But their GOP counterparts had a very different perspective. Continue Reading →

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Labor savings is the big unknown in Malloy’s new budget

The new budget Gov. Dannel P. Malloy will propose Wednesday will be based partly on a big assumption — that ongoing talks with state employee unions will produce concessions. But some are worried that to get them, the state must promise to maintain a costly retirement benefits system beyond the current 2022 expiration date. Continue Reading →

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Brinksmanship at State Capitol over pension deal

Republicans tried Wednesday to scuttle a deal Gov. Dannel P. Malloy struck with state employee unions to avoid spiking pension costs. But the House voted 76 to 72 to ratify the deal, while the Senate followed suit in more dramatic fashion with a tie-breaking vote by Lt. Gov. Nancy Wyman. Continue Reading →

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Wall Street agency gives CT pension deal a ‘credit positive’

Moody’s Investors Service, one of the four major credit rating agencies, labeled the proposal negotiated by Gov. Dannel P. Malloy’s administration and state union leaders as a “credit positive” for Connecticut in the agency’s weekly credit outlook statement. Continue Reading →

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