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NASA’s Orion Spacecraft Completes Successful Unmanned First Mission
Dec 5, 2014 11:30 am
An unmanned test flight of NASA’s new Orion spacecraft was successful this morning, flying higher than any human-rated...more »
2014 Connecticut International Auto Show to Feature Electric Vehicles And More
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State automobile retailers are hoping to educate consumers about the benefits of electric vehicles at the Connecticut...more »

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December 3, 2014

Funding Ratio Falls for State Employee Pensions

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.

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December 1, 2014

Even With Rescissions, Lembo Predicts A $44.8 Million Deficit for Current Fiscal Year

by Christine Stuart | December 1, 2014 12:00pm

file photo (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.

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November 19, 2014

Malloy Mum On Future Tax Breaks

by Christine Stuart | November 19, 2014 3:30pm

Hugh McQuaid photo Gov. Dannel P. Malloy said Wednesday that he hasn’t taken a position on several tax breaks he proposed last year, but which aren’t scheduled to go into effect next fiscal year.

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State’s Cash Position Deteriorates

by Christine Stuart | November 19, 2014 9:07am

CTNJ file photo (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.

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November 18, 2014

Commission Poised To Exceed Malloy’s Self-Imposed Bonding Cap

by Hugh McQuaid | November 18, 2014 3:33pm

CTNJ File Photo The state Bond Commission is expected to borrow $267 million in general obligation bonds Wednesday during its first meeting  since July. The amount will exceed Gov. Dannel P. Malloy’s voluntary bonding cap by about $167 million.

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November 17, 2014

Malloy Administration Prepares To Cut 2015 Budget

by Christine Stuart | November 17, 2014 12:31pm

Christine Stuart photo 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.”

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November 14, 2014

Gov’s Budget Office, Nonpartisan Analysts Project Deficit

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.

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BALANCING ACT: Malloy Administration Announces Hiring Freeze, Other Steps to Address Deficit

by Christine Stuart | November 14, 2014 9:54am

CTNJ file photo With revenues lagging by nearly $60 million and projected deficits on the horizon, the Malloy administration is taking steps to bring the budget into balance.

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November 2, 2014

Last Debate Focused on Tax Breaks & Boat Names

by Christine Stuart | November 2, 2014 12:18pm

In the final televised debate before Tuesday’s election, Democratic Gov. Dannel P. Malloy and Republican challenger Tom Foley sparred over tax breaks for senior citizens and retired teachers. They also talked about where their boats got their names.

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November 1, 2014

Nonpartisan Analysts Cite Potential for Budget Deficiencies

by Christine Stuart | November 1, 2014 9:57am

CTNJ file photo 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.”

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