Connecticut had roughly half of the money needed to weather a recession in its unemployment trust fund before the COVID-19 pandemic hit the state, according to a report from the Tax Foundation which tracked unemployment claims across all states and compared them to the 2008 recession. “Many states are woefully ...
Capitol Update: Day-by-day changes
As we reported last week, the state Capitol has been closed until March 30. We are hearing this could be extended as Governor Lamont and leadership continue to meet to discuss a plan moving forward. Legislative leaders plan to meet on Monday about whether to postpone the rest of the legislative session. This comes after news that state representative Jane Garibay has tested positive for the COVID-19.
It is clear that the pandemic will continue to warrant government actions, likely on a day-to-day basis for the time being. Yankee will continue to monitor these developments and report to you regularly.
The state has a dedicated coronavirus website where you can stay informed on news and guidance related to COVID-19 and its impact on Connecticut. The website is ct.gov/coronavirus. Also attached is is frequently asked questions on the State of Connecticut’s actions related to COVID-19. https://portal.ct.gov/-/media/Coronavirus/COVID-19-FAQs.pdf?la=en
Next week Governor Lamont will release an economic stimulus package to help small businesses that have slowed down or been forced to close due to COVID-19. Details are being finalized, and the package is expected to be released early next week.
We will continue to update you on any developments at the state Capitol. Please note that Yankee Institute’s insider Virtual Capitol Insider Breakfast is still planned for April 2 @ 8:00 am – 9:30 am., but may change due to present circumstances.
**NOTE: To ensure the safety of our guests, this event is now a conference call only.**
In this time of crisis, Yankee is continuing to work on proposals and plans that will help Connecticut individuals, businesses and organizations during this time of crisis. Please visit our website Yankeeinstitute.org for further information. We will get through this together. Stay safe and healthy.
With the increasing number of Connecticut residents testing positive for COVID-19, legislative leaders have decided to postpone the 2020 legislative session until April 20th. We hear legislative leaders have been communicating daily with their respective caucuses to assess the situation. It is unclear right now what the plan will be ...