HARTFORD, CT — Outgoing State Treasurer Denise Nappier told a commission that the state should use Connecticut Lottery revenues and other state assets to ensure its contribution to the Teachers’ Retirement Fund.
November 19, 2018
September 28, 2018
HARTFORD, CT — It’s still unclear if Connecticut’s borrowing capacity was limited by language adopted as part of the May budget adjustments, but Wall Street did appreciate its recent $200 million contribution to the Rainy Day Fund.
August 30, 2018
June 1, 2018
by Christine Stuart | Jun 1, 2018 11:54am
Posted to: Business | Economic Development | The Economy | Financial Sector | Federal Budget | Town News | Jobs | Manufacturing | Military Spending | National Security | State Budget | State Capitol | Transportation | Wall Street
HARTFORD, CT — The state Bond Commission approved $233.5 million in general obligation bonds Friday, including $1.5 million for a Massachusetts manufacturing company to relocate to Putnam, $9 million for PriceWaterhouseCoopers LLP to expand in Stamford, and $35 million to help Electric Boat in Groton ramp up for production of Columbia class submarines.
May 5, 2018
HARTFORD, CT — The Senate gave bipartisan support Saturday to legislation that seeks to modify the $534 million bailout they gave the city last year to help it avoid bankruptcy.
May 3, 2018
HARTFORD, CT — Local mayors and first selectmen don’t want to be punished for handling their budgets responsibly over the years, and they say what’s in their Rainy Day Fund shouldn’t impact the results of a labor dispute.
April 13, 2018
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.
April 5, 2018
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.”
March 29, 2018
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.
March 26, 2018
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.