**UPDATE: Gov. Lamont issued an executive order at approximately 8:30 p.m. on May 13 extending the suspension of the plastic bag tax until June 30. Executive Order 7NN can be viewed here. Yankee’s original article pointing out the tax would begin again on May 15 was published at noon on ...
The COVID-19 has forced social distancing measures to be put in place and part of that social distancing is avoiding potentially crowded civic engagement practices like in-person municipal voting. Gov. Ned Lamont’s executive orders suspended in-person voting requirements for the adoption of municipal budgets and setting mill rates and some ...
Connecticut’s teacher pension debt is officially listed at $16.8 billion, but a new study says that figure might be much higher. According to a new study published by Yankee Institute, Connecticut’s discount rate for its teacher pension system is under-stating its unfunded liabilities by using too high of a discount ...
Banking giant J.P. Morgan issued a report estimating the impact of the COVID-19 pandemic and economic downturn on states’ unfunded pension and retiree healthcare liabilities, noting Connecticut would have to pay nearly 40 percent of its revenue for the next thirty years to pay off nearly $70 billion in unfunded ...
More than 1,600 retired state employees now have pensions over $100,000 per year, totaling an annual payout of $191.9 million, according to numbers provided by the State Comptroller’s Office. The 1,609 retirees receiving six-figure pensions represents an increase of more than 200 individuals since the previous count by the Hartford ...
Some employees with Department of Mental Health and Addiction Services worked up to 137 consecutive days, bolstering their annual pay by three times their base salary, according to a report by the Auditors of Public Accounts. “We judgmentally selected 18 employees from units paying the highest amounts of overtime for ...