CT News Junkie

A Connecticut news site that understands the usual media offerings just…aren’t…enough.

Pensions

April 20, 2018

Republicans, Democrats Get Ready To Argue Over April Income Tax Receipts

by Christine Stuart | Apr 20, 2018 5:30am
Posted to: State Budget | Education Cost Sharing | Pensions | Taxes | State Capitol

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The bean counters at the state Capitol are telling lawmakers that income tax revenues are coming in 46 percent better than initially projected, but it’s unlikely the two parties will agree on exactly what to do with it.

Continue reading "Republicans, Democrats Get Ready To Argue Over April Income Tax Receipts" »

April 9, 2018

State Gov’t Not Immune to NDAs and Big Severance Payouts

by Christine Stuart | Apr 9, 2018 5:30am
Posted to: Ethics | FOIA | Quasi-Public | State Capitol | Transparency | Pensions

ctnewsjunkie file photo

HARTFORD, CT — U.S. Rep. Elizabeth Esty’s non-disclosure agreement with a former aide may have made headlines recently, but it’s not unique to Congress or even Connecticut state government.

Continue reading "State Gov’t Not Immune to NDAs and Big Severance Payouts" »

March 5, 2018

Connecticut Has Investments In Gun Makers

by Christine Stuart | Mar 5, 2018 6:30am
Posted to: Business | Public Health | Public Safety | Wall Street | Newtown | Pensions | Manufacturing Sector | Financial Sector

jack kramer / ctnewsjunkie

HARTFORD, CT — The state of Connecticut has $16.5 million or 0.05 percent of its six pension funds and nine trust funds invested in five companies that manufacture guns.

Continue reading "Connecticut Has Investments In Gun Makers" »

March 1, 2018

Commission Calls For Reduction In Taxes, End to Collective Bargaining For Benefits

by Christine Stuart | Mar 1, 2018 3:47pm
Posted to: The Economy | State Budget | Pensions | Taxes | State Capitol | Transparency

Christine Stuart / ctnewsjunkie
HARTFORD, CT — The 14-member Commission on Fiscal Stability and Economic Growth made 10 recommendations Thursday, including a reduction in income taxes, an increase in sales and corporation taxes, a $1 billion reduction in annual operating expenses, and an end to collective bargaining for benefits.

Continue reading "Commission Calls For Reduction In Taxes, End to Collective Bargaining For Benefits" »

February 12, 2018

Barnes Says Malloy Took ‘Light Touch’ To Legislature’s Two-Year Budget

by Jack Kramer | Feb 12, 2018 6:30am
Posted to: State Budget | Pensions | Taxes | State Capitol | Transportation

Christine Stuart / ctnewsjunkie HARTFORD, CT—Office of Policy and Management Secretary Ben Barnes defended Gov. Dannel P. Malloy’s proposed budget Friday stating the administration “tried to remain true to the bipartisan (2018) budget passed over the governor’s objection.”

Continue reading "Barnes Says Malloy Took ‘Light Touch’ To Legislature’s Two-Year Budget" »

January 16, 2018

Overtime Costs Increase

by Christine Stuart | Jan 16, 2018 6:29am
Posted to: Labor | State Budget | Pensions | State Capitol

Courtesy of the Office of Fiscal Analysis
HARTFORD, CT — The amount of money Connecticut spent on overtime between July and December 2017 increased by $13.9 million to $115.2 million.

Five state agencies that provide 24/7 services account for over 93 percent of those overtime expenditures.

Continue reading "Overtime Costs Increase" »

January 12, 2018

OP-ED | Who Needs Illinois? Connecticut Should Channel Oregon

by Terry Cowgill | Jan 12, 2018 6:30am
Posted to: Analysis | The Economy | Technology sector | Opinion | State Budget | Pensions | Taxes

Christopher Boswell via shutterstock
When it comes to leaving Connecticut, there’s data and then there’s data. Since we live in a place that is obviously in some stage of decline, we’ve all suspected that people are moving out of the state in droves, even as census numbers suggested we were pretty much holding our own until a few years ago.

But now we have a different set of numbers that, while unscientific, nonetheless show what many of us have suspected for years: there aren’t many people who want to move here.

Continue reading "OP-ED | Who Needs Illinois? Connecticut Should Channel Oregon" »

January 8, 2018

General Assembly Votes To Restore Medicare Program, Malloy Still Prepared To Veto

by Jack Kramer and Christine Stuart | Jan 8, 2018 1:57pm
Posted to: Health Care | Insurance | Legal | State Budget | Special Session | Pensions

Christine Stuart / ctnewsjunkie
HARTFORD, CT — Despite some good fiscal news about one part of the income tax exceeding expectations by $900 million, Gov. Dannel P. Malloy warned that he might still veto the General Assembly’s plan to restore health benefits for the elderly and disabled.

Continue reading "General Assembly Votes To Restore Medicare Program, Malloy Still Prepared To Veto" »

January 5, 2018

OP-ED | Teacher Pension Predicament Requires Enlightened Solutions

by Barth Keck | Jan 5, 2018 6:30am
Posted to: Analysis | Education | Labor | Opinion | Social Security | State Budget | Pensions

shutterstock
Each new year offers the potential for a fresh start, but progress in 2018 will be challenging in Connecticut.

At year’s end, Gov. Dannel P. Malloy and legislators were still tussling over budget issues, the state continued to lose jobs, and none of the preliminary gubernatorial candidates offered honest solutions to the state’s fiscal quagmire.

Continue reading "OP-ED | Teacher Pension Predicament Requires Enlightened Solutions" »

January 3, 2018

Nappier Touts Accomplishments In Announcing She Won’t Seek Re-Election

by Christine Stuart | Jan 3, 2018 3:56pm
Posted to: Business | Election 2018 | Hartford | Pensions

Christine Stuart / ctnewsjunkie
HARTFORD, CT — After two decades in office, state Treasurer Denise Nappier announced Wednesday that she won’t be seeking re-election.

As the first African-American woman elected to serve as Treasurer, Nappier’s tenure began when she defeated Paul J. Silvester, a Republican incumbent who would later serve prison time for giving more than $500 million from in state pension funds to private investment funds in exchange for kickbacks.

Continue reading "Nappier Touts Accomplishments In Announcing She Won’t Seek Re-Election" »

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