The company says Boston was selected “after a careful evaluation of the business ecosystem, talent, long-term costs, quality of life for employees, connections with the world and proximity to other important company assets.”
State Budget
Posted inMoney, Politics
Borrowing to pay off debt could poke new holes in CT’s budget
The state’s controversial practice of borrowing to pay off debt now threatens to poke new holes in the budget — a small one this fiscal year and a larger one after June — just a few weeks after lawmakers and Gov. Dannel P. Malloy wrapped a special session to balance the books.
Posted inEducation, Energy & Environment, Health, Justice, Money
Malloy releases agency-by-agency breakdown of budget cuts
Gov. Dannel P. Malloy’s administration released details late Wednesday on how state agencies will share the new spending reductions ordered by the legislature in a December special session.
Posted inHealth
Five stories that can make 2016 a big year in health care
“I haven’t seen a time in my almost 10 years here in the state where there’s so much happening in health care,” says state Healthcare Advocate Victoria Veltri. Here are five health care stories to watch in 2016.
Posted inMoney, Politics
CT has a good savings plan — though its bank balance is modest
Despite having a relatively modest emergency budget reserve right now, Connecticut’s saving strategy is better than those in most states, according to a new study by Pew Charitable Trusts.
Posted inHealth, Money
How each hospital fared under the budget deal
Hospitals will receive $164.3 million in state and federal funds under the budget deal legislators approved Tuesday, restoring some of the funding Gov. Dannel P. Malloy cut from hospitals in September, as well as millions more in overdue payments. Here’s who gets what.
Posted inHealth, Money, Politics
CT deficit plan taps many special funds and one-time sources
While the General Assembly is expected to adopt a plan in special session Tuesday to close most or all of this fiscal year’s budget deficit, restore some funds for hospitals and finance modest business tax breaks, almost 40 percent of the plan diverts resources from specialized funds and various one-time sources.
Posted inMoney, Politics
Transportation financing precarious despite new revenue
Despite the recent infusion of sales tax receipts, Connecticut’s transportation program could be in deficit by mid-2018, according to nonpartisan analysts. And while Gov. Dannel P. Malloy’s administration believes the Special Transportation Fund will remain in the black through 2020 — albeit by a razor-thin margin — nonpartisan analysts cite several problems, including surging debt and pension costs and downgraded expectations for fuel tax revenues.
Posted inMoney, Politics
There’s a near deal — but it’s not bipartisan — on state budget deficit
Gov. Dannel P. Malloy and his fellow Democrats in the legislature’s majority said Thursday they believe they had reached the essence of a deal to mitigate state budget deficits and offer modest tax relief to businesses. Malloy announced he would call the General Assembly into special session on Tuesday in the hopes of adopting the package.
Posted inMoney, Politics
Deadlines nearing for state budget talks, GE decision on a move
State budget talks made little progress Wednesday but will continue for at least one more day as legislators from both sides conceded a self-imposed deadline is nearly upon them. Gov. Dannel P. Malloy also hopes to extract new business tax relief from these talks and confirmed he continues to talk with General Electric in hopes of keeping the major corporation in Connecticut.
Posted inMoney, Politics
Lawmakers, Malloy insist deficit-mitigation deal still within reach
Even with a state employee retirement incentive plan out of consideration, Gov. Dannel P. Malloy and legislative leaders insisted Tuesday that a major deficit-mitigation plan could be enacted by mid-December.
Posted inMoney
Business lobby launches radio ad to press for more state budget cuts
The state’s chief business lobby, the Connecticut Business and Industry Association, took to the airwaves Monday to press for bold spending reforms to mitigate growing state budget deficits.
Posted inMoney, Politics
State budget talks pick up steam; retirement incentives don’t
While state legislators were upbeat after a second round of budget talks Tuesday with Gov. Dannel P. Malloy, they conceded that a proposal to offer retirement incentives to state workers — though not dead — had been weakened considerably.
Posted inHealth, Money, Politics
Malloy: Time is running short to strike a budget deal
While legislative leaders were uncharacteristically coy following Monday’s budget negotiations, Gov. Dannel P. Malloy made it clear lawmakers are running out of time if they want to play a role in balancing state finances.
Posted inHealth, Money, Politics
Senate Dems break with House, go own way on deficit
Senate Democrats issued their own deficit-mitigation plan Thursday, pressing for a retirement incentive plan opposed by House Democrats and Gov. Dannel P. Malloy as damaging to the state’s overburdened pension system.