UConn Health Center is facing $114 million loss in revenue after the coronavirus pandemic emptied beds and ended a large number of medical procedures, according to the budget presentation given to the UConn Board of Trustees. According to figures, patient revenue to UConn Health tanked by almost 50 percent during ...
**Meghan Portfolio contributed to this article** States and state universities from Hawaii and California to Maine are proposing employee pay cuts, pay freezes and furloughs in response to the COVID-19 pandemic, which has wrecked havoc on state budgets. Hawaii Gov. David Ige has proposed a temporary 20 percent reduction in ...
“In light of the horrifying projected budget deficits revealed this morning and Connecticut’s long-term structural imbalance, the only responsible course is for Gov. Lamont to seek to reopen Connecticut’s existing contract with the State Employees Bargaining Agent Coalition (SEBAC). State employee pay, healthcare, pensions and retiree healthcare costs represent a ...
Budget numbers released by the Office of Fiscal Analysis show Connecticut’s budget deficit this year grew to over $1 billion, an increase of more than $687 million over the previous estimate. Gov. Ned Lamont had said this year’s deficit would be roughly $500 million, with next year’s deficit reaching $1.5 ...
Republican Senate Leader Mitch McConnell, R-Kentucky, said on Wednesday he would rather see states declare bankruptcy than issue another $500 billion requested by the National Governors Association to bail out states facing lower revenues and skyrocketing debt costs. “There’s not going to be any desire on the Republican side to ...
Yankee Institute recognizes the valuable service of many Connecticut state employees during the Covid-19 public health crisis, including doctors, nurses, Department of Correction officers, Department of Labor employees and first responders. We are grateful for their courageous work on behalf of Connecticut’s people. However, in light of the pandemic’s potential implications for the state budget, Yankee Institute recommends that Gov. Ned Lamont suspend ...