by Connecticut Conference of Municipalities | Jul 22, 2018 1:00pm
Posted to: Analysis | Opinion | Member Opinion | State Budget | Pensions
Jean-Pierre Aubry, an expert from Boston College’s Center for Retirement Research, and W. Gordon Hamlin, Jr., president of Pro Bono Public Pensions and a 2016 Fellow in Harvard’s Advanced Leadership Initiative, gave separate presentations on what was affectionately dubbed the 800 pound gorilla in the room: Public Pensions.
Continue reading "ANALYSIS | Pension Shortfalls Loom Large; 2 Experts Talked Solutions With CCM At June Meeting" »
by Christine Stuart | May 25, 2018 1:49pm
Posted to: Education | Health Care | State Budget | Pensions | Transparency | Farmington
HARTFORD, CT — The University of Connecticut Health Center increased the salaries of employees who approved a consulting contract for the interim head of the center, rehired retired employees, and paid employees more than they should have been compensated under their contracts, according to the Auditors of Public Accounts.
Continue reading "Auditors Discover ‘Conflict of Interest’, Overpayments at UConn Health" »
by Christine Stuart | Apr 20, 2018 5:30am
Posted to: State Budget | Education Cost Sharing | Pensions | Taxes | State Capitol
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" »
by Christine Stuart | Apr 9, 2018 5:30am
Posted to: Ethics | FOIA | Quasi-Public | State Capitol | Transparency | Pensions
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" »
by Christine Stuart | Mar 5, 2018 6:30am
Posted to: Business | Public Health | Public Safety | Wall Street | Newtown | Pensions | Manufacturing Sector | Financial Sector
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" »
by Christine Stuart | Mar 1, 2018 3:47pm
Posted to: The Economy | State Budget | Pensions | Taxes | State Capitol | Transparency
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" »
by Jack Kramer | Feb 12, 2018 6:30am
Posted to: State Budget | Pensions | Taxes | State Capitol | Transportation
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" »
by Christine Stuart | Jan 16, 2018 6:29am
Posted to: Labor | State Budget | Pensions | State Capitol
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" »
by Terry Cowgill | Jan 12, 2018 6:30am
Posted to: Analysis | The Economy | Technology sector | Opinion | State Budget | Pensions | Taxes
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" »
by Jack Kramer and Christine Stuart | Jan 8, 2018 1:57pm
Posted to: Health Care | Insurance | Legal | State Budget | Special Session | Pensions
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" »