CT News Junkie

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Wall Street

April 13, 2018

Wall Street Agency Lowers Connecticut’s Bond Rating

by Christine Stuart | Apr 13, 2018 9:14pm
Posted to: The Economy | State Budget | Wall Street

Elnur via Shutterstock

HARTFORD, CT — Hours after the state Bond Commission voted to put hundreds of millions more on the state credit card one of the four Wall Street rating agencies lowered its bond rating.

Continue reading "Wall Street Agency Lowers Connecticut’s Bond Rating" »

April 5, 2018

Finance Committee Moves To Delay Bond Covenant

by Christine Stuart | Apr 5, 2018 11:43pm
Posted to: Legal | State Budget | Taxes | State Capitol | Transparency | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The Finance, Revenue, and Bonding Committee approved a bill Thursday that will delay implementation of what many are referring to as the “bond lock.”

Continue reading "Finance Committee Moves To Delay Bond Covenant" »

March 29, 2018

Legislative Leaders Balk At Hartford Bailout, Promise To Reduce Other Assistance

by Christine Stuart | Mar 29, 2018 11:30am
Posted to: State Budget | State Capitol | Wall Street | Hartford

ctnewsjunkie file photo

HARTFORD, CT — Republican and Democratic legislative leaders wrote the Office of Policy and Management and state Treasurer Denise Nappier Wednesday to let them know it was never their intention to pay off nearly $550 million in Hartford’s bonded debt.

Continue reading "Legislative Leaders Balk At Hartford Bailout, Promise To Reduce Other Assistance" »

March 26, 2018

Moody’s: Connecticut Cities and Towns Feel Pressured By State’s Fiscal Woes

by Jack Kramer | Mar 26, 2018 5:30am
Posted to: Town News | State Budget | Taxes | State Capitol | Wall Street

Sources: Audited financial statements, Connecticut Office of Policy and Management

HARTFORD, CT — Connecticut’s cities and towns will continue to feel financial pressure based on their exposure to fiscal uncertainties and adverse economic and demographic trends, according to a new report released by Moody’s Investors Service.

Continue reading "Moody’s: Connecticut Cities and Towns Feel Pressured By State’s Fiscal Woes" »

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" »

January 2, 2018

Connecticut Lawmakers Brace Themselves For Revenue Estimates

by Christine Stuart | Jan 2, 2018 6:29am
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 5:34pm
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 6:30am
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 7:18pm
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 10:02pm
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" »

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