December 3, 2014
by Christine Stuart | December 3, 2014 5:30am
An actuary hired by the state recently estimated that pension obligations for active and retired state employees totaled $51 billion in 2014, and the funded ratio over the past two years has declined slightly.
December 1, 2014
by Christine Stuart | December 1, 2014 12:00pm
(Updated 2:16 p.m.) State Comptroller Kevin Lembo reported Monday that after accounting for Gov. Dannel P. Malloy’s $54.7 million in rescissions, the state is still on track to end the 2015 fiscal year with a $44.8 million deficit.
Tags: Kevin Lembo, Dannel P. Malloy, Ben Barnes, Medicaid, deficit, surplus, revenues, Len Fasano, dh
November 19, 2014
by Christine Stuart | November 19, 2014 3:30pm
by Christine Stuart | November 19, 2014 9:07am
(Updated 12:42 p.m.) State Treasurer Denise Nappier wrote to legislative leaders Tuesday to let them know the state’s cash position had declined and late last week she transferred money from bond proceeds to help cover operating expenses.
November 18, 2014
by Hugh McQuaid | November 18, 2014 3:33pm
November 17, 2014
by Christine Stuart | November 17, 2014 12:31pm
Just back from a National Governors Association meeting in Colorado, Gov. Dannel P. Malloy said the $99.5 million budget deficit reported by his budget office last week was “de minimis.”
November 14, 2014
by Christine Stuart | November 14, 2014 4:29pm
Gov. Dannel P. Malloy’s budget office issued a report late Friday projecting that the state would end the 2015 fiscal year with a $99.5 million budget deficit. That’s about $10.4 million more than the $89.1 million deficit the legislature’s nonpartisan Office of Fiscal Analysis projected earlier Friday.
Tags: budget deficit, OFA, projections, surplus, Gov. Dannel P. Malloy, Len Fasano, Kevin Lembo, dh
by Christine Stuart | November 14, 2014 9:54am
November 2, 2014
by Christine Stuart | November 2, 2014 12:18pm
November 1, 2014
by Christine Stuart | November 1, 2014 9:57am
At the request of the House Republican caucus, nonpartisan legislative analysts reported this week that there is the potential for $83.8 million in deficiencies in the state budget, but Gov. Dannel P. Malloy said Friday that “on a net-basis we’re in great shape.”