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January 2, 2018

Connecticut Lawmakers Brace Themselves For Revenue Estimates

by Christine Stuart | Jan 2, 2018 5:29am
Posted to: Congress | State Budget | Taxes | State Capitol | Wall Street | White House

ctnewsjunkie file photo HARTFORD, CT — Connecticut lawmakers are trying to find the silver lining in the tax package passed by Congress and signed by President Donald Trump before Christmas.

But will it impact January revenue estimates?

Continue reading "Connecticut Lawmakers Brace Themselves For Revenue Estimates" »

December 18, 2017

DC NEWS JUNKIE | GOP Plans Tax Cut Vote; Senate to Confirm ‘Badass’ Greenwich Banker

by Peter Urban | Dec 18, 2017 4:34pm
Posted to: Business | Congress | DC News Junkie | The Economy | Manufacturing Sector | Federal Budget | Jobs | Manufacturing | Taxes | Wall Street | White House

Orhan Cam via Shutterstock
Congressional Republicans plan this week to approve an overhaul of federal tax policy that would provide substantial savings to corporations and make filing taxes simpler for many Americans.

The bill, negotiated last week between the House and Senate Republicans, is not expected to draw any support from Democrats who voted against earlier versions that cleared the two chambers. The new bill, which is subject to an up-or-down vote, more closely follows the Senate-approved version.

Continue reading "DC NEWS JUNKIE | GOP Plans Tax Cut Vote; Senate to Confirm ‘Badass’ Greenwich Banker" »

November 13, 2017

Wall Street Says Budget Is Good for Connecticut, But Bad for UConn

by Christine Stuart | Nov 13, 2017 5:30am
Posted to: The Economy | Education | State Budget | Education Cost Sharing | Wall Street | Mansfield-Storrs

HARTFORD, CT — Finally having a two-year state budget in place is “credit positive” for the state of Connecticut and its municipalities, but it’s a “credit negative” for the University of Connecticut.

Continue reading "Wall Street Says Budget Is Good for Connecticut, But Bad for UConn" »

October 16, 2017

Moody’s Scrutinizing 51 Towns As Budget Impasse Continues

by Christine Stuart | Oct 16, 2017 6:18pm
Posted to: Town News | State Budget | Special Session | Taxes | State Capitol | Wall Street

shutterstock HARTFORD, CT — Wall Street issued a harsh warning to Connecticut policymakers Monday when it placed the ratings of 26 municipalities and three regional school districts under review for a credit downgrade.

Continue reading "Moody’s Scrutinizing 51 Towns As Budget Impasse Continues" »

October 13, 2017

Wall Street Sends Connecticut A Warning

by Christine Stuart | Oct 13, 2017 9:02pm
Posted to: State Budget | Special Session | Pensions | Wall Street

shutterstock HARTFORD, CT — Without a budget for 105 days, Standard & Poor’s Global Ratings sent the state a message Friday when it downgraded its outlook for Connecticut’s general obligation bonds to “negative.”

Continue reading "Wall Street Sends Connecticut A Warning" »

August 28, 2017

Moody’s Says Revised Executive Order Is ‘Credit Negative’ For Cities and Towns

by Christine Stuart | Aug 28, 2017 12:14pm
Posted to: State Budget | Education Cost Sharing | Taxes | State Capitol | Wall Street

Courtesy of Moody's Investor Services HARTFORD, CT— A Wall Street rating agency says Gov. Dannel P. Malloy’s revised executive order that would reduce municipal aid is “credit negative for Connecticut local governments.”

Continue reading "Moody’s Says Revised Executive Order Is ‘Credit Negative’ For Cities and Towns" »

July 25, 2017

Connecticut’s Retirement Funds Increase In Value

by Christine Stuart | Jul 25, 2017 9:30am
Posted to: State Budget | Pensions | Wall Street

Christine Stuart / ctnewsjunkie file photo HARTFORD, CT — Preliminary investment returns show that Connecticut’s Retirement Plans and Trust Funds exceeded expectations in 2017.

Continue reading "Connecticut’s Retirement Funds Increase In Value" »

July 12, 2017

Standard and Poor’s Downgrades Hartford Bonds To Junk Status

by Christine Stuart | Jul 12, 2017 4:30am
Posted to: State Budget | Wall Street | Hartford

Sean Pavone via shutterstock HARTFORD, CT — Standard and Poor’s downgraded Hartford’s bonds Tuesday to junk status.

Continue reading "Standard and Poor’s Downgrades Hartford Bonds To Junk Status" »

May 18, 2017

Another Day Another Wall Street Rating Agency Downgrade

by Christine Stuart | May 18, 2017 9:00am
Posted to: The Economy | Financial Sector | State Budget | Pensions | Wall Street

shutterstock It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.

Continue reading "Another Day Another Wall Street Rating Agency Downgrade" »

December 5, 2016

Lembo Sums Up Connecticut’s Budget Crisis For Business Leaders

by Jack Kramer | Dec 5, 2016 5:30am
Posted to: The Economy | Election 2018 | Jobs | Labor | State Budget | Pensions | Taxes | State Capitol | Transparency | Wall Street | Norwalk

Courtesy of CT-N NORWALK, CT — Comptroller Kevin Lembo knew he was playing to a tough crowd when he agreed to talk to a group of Connecticut business leaders about the state of the state’s economy.

Continue reading "Lembo Sums Up Connecticut’s Budget Crisis For Business Leaders" »

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