The Connecticut Comptroller’s Office released its updated report on savings generated by Gov. Dannel Malloy’s 2017 agreement with the State Employees Bargaining Agent Coalition, showing the that actual savings to the state were $200 million
Budget
“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
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
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
Traffic numbers from the Connecticut Department of Transportation show a steep drop-off in people traveling on Connecticut’s highways in response to the COVID-19 pandemic and the closure of nonessential businesses by the governor. The number
Schools are closed across Connecticut and many municipal buildings and offices are running on reduced schedules in response to the COVID-19 public health crisis, but towns may not see much in the way of cost-savings
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
Democratic governors in New York, Pennsylvania and Virginia are temporarily suspending raises for state employees or freezing pay until they can better understand the fiscal impact of the pandemic, but, thus far, Connecticut state employees
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
Connecticut has $33.6 billion in unfunded liabilities for its other post-employment retirement benefits like retiree health insurance, according to a new report from the American Legislative Exchange Council. Connecticut ranked 43rd in the nation for