Connecticut’s cash-starved pension funds for state employees and municipal teachers got a big boost last fiscal year, state Treasurer Denise L. Nappier reported Monday. Continue Reading →
Nappier: CT pension investments earned big returns
|
Teachers Retirement System
Recent Posts
Malloy would cut local aid deeply to offset eroding CT tax receipts
|
Gov. Dannel P. Malloy has recommended more than $700 million in cuts to municipal aid to help compensate for a $1.5 billion projected decline in state income tax receipts over the next two years. Continue Reading →
Filed under: Budget/Economy, Higher Education, K-12, Politics, Schools/Child Welfare, budget2017, Connecticut state budget, Dannel P. Malloy
Coventry town manager Elsesser: Connecticut should consider the commercial activities tax
|
John A. Elsesser, longtime Coventry town manager, has been one of the leading figures in municipal government for nearly four decades. He understands the varied and intensifying fiscal pressures facing Connecticut and its municipalities, recognizes the need to raise revenue; and sees one possible way to do it fairly — a commercial activities tax. Continue Reading →
Filed under: Budget/Economy, Regional Planning, Sunday Q&A, ccm, Connecticut state budget, COST, John A. Elsesser, municipalities
Aresimowicz offers phase-in compromise on pension bills for CT towns
|
House Speaker Joe Aresimowicz offered a compromise Wednesday on one of the stickiest points in Gov. Dannel P. Malloy’s budget: asking communities to gradually assume a portion of skyrocketing teacher pension costs. Continue Reading →
Filed under: Budget/Economy, Labor, Politics, Schools/Child Welfare, Ben Barnes, budget2017, Connecticut state budget, Denise Nappier
No one wants a share of CT’s teacher pension bill
|
Municipalities and hospitals both fear the new cost burdens they would assume in Gov. Dannel P. Malloy’s budget would grow quickly as state retirement benefit costs surge in the coming years. Continue Reading →
Filed under: Budget/Economy, Health Care, Politics, ccm, Connecticut Conference of Municipalities, Connecticut Council of Small Towns, Connecticut Hospital Association, Connecticut state budget
Malloy would bill towns for teachers’ pensions, cut middle-class tax credit
|
Gov. Dannel P. Malloy said Friday his proposed budget would shift $400 million, nearly one-third of the cost of municipal school teachers’ pensions, onto cities and towns next fiscal year — a move that would hit the state’s wealthiest communities the hardest. Continue Reading →
Filed under: Budget/Economy, Politics, Schools/Child Welfare, Connecticut state budget, pensions, property tax credit, state income tax, Teachers Retirement System
A legacy of debt: Connecticut standing on its own fiscal cliff
|
The budget that Gov. Dannel P. Malloy will present to the legislature Feb. 8, in an attempt to close $3 billion in deficits over the next two years, is only a portent of a far greater, long-term challenge facing the state. First in a series. Continue Reading →
Filed under: Budget/Economy, Health Care, K-12, Labor, Politics, A legacy of debt, Connecticut state budget, Deeper Look
CT faces legal roadblock to easing rising teacher pension costs
|
While state government continues to explore spreading its pension debt among future generations, Connecticut apparently won’t have that option when it comes to benefits owed its public school teachers. Continue Reading →