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JP Morgan Report Highlights Connecticut Pension Problems

JP Morgan Report Highlights Connecticut Pension Problems

Connecticut would have to pay 35 percent of its total revenue for the next 30 years to cover all its retirement obligations to state employees and teachers, according to a report released by JP Morgan. That figure is much higher than the 23 percent Connecticut is...

Gov. Ned Lamont’s Toll Bill Referred to Finance Committee

Gov. Ned Lamont’s Toll Bill Referred to Finance Committee

The House of Representatives on Friday referred Gov. Ned Lamont’s tolling bill to the Finance, Revenue and Bonding Committee for approval on the heels of Lamont’s open letter to legislators imploring them to take action on tolls. Approval by the Finance, Revenue and...

House Passes $15 Minimum Wage After Marathon Debate

House Passes $15 Minimum Wage After Marathon Debate

Republicans and Democrats in the House of Representatives debated for over 12 hours through the night and into the morning before approving an increase to Connecticut’s minimum wage to $15 per hour by 2023. The vote was 85 – 59 with every Republican and two...

Policy Corner: The Steadiest Habit: Raising Taxes

Policy Corner: The Steadiest Habit: Raising Taxes

Connecticut Gov. Ned Lamont delivers his State of the State address at the State Capitol in Hartford, Conn., Wednesday, Jan. 9, 2019. (AP Photo/Jessica Hill) Should I stay or should I go now?If I go there will be troubleAnd if I stay it will be doubleSo you gotta let...

Appropriations Committee Approves $15 Minimum Wage

Appropriations Committee Approves $15 Minimum Wage

The Appropriations Committee today approved a bill to increase the state’s minimum wage to $15 per hour by 2022, costing the state an additional $40 million per year and costing municipalities up to $1 million per year. The state’s minimum wage would then be adjusted...