Governor-elect Ned Lamont will face a daunting task when he and fellow Democratic lawmakers assume full control of the state’s finances in January, according to a newly released report by Truth in Accounting.
One of the state’s residential facilities for the intellectually impaired was staffed using mandatory overtime 93 percent of the time even though Medicaid would fund half the cost of hiring more staff, according to a report by the Connecticut State Auditors.
Gov. Dannel Malloy’s budget chief offered a roadmap for Governor elect Ned Lamont’s new administration, which included eliminating scheduled tax cuts, cutting back Medicaid, reducing state aid to some municipalities, and transferring some teacher pension costs onto towns and cities.
Connecticut dropped twelve places to rank second worst in the nation for fiscal solvency, according to an annual ranking of states released last week by the Mercatus Center at George Mason University.
What are the major cost driver's of Connecticut's deficit in 2020?
Connecticut owes more on the state credit card per resident than nearly every other state in the country, according to a new study.