Boston Globe columnist Shirley Leung wrote last week that Hartford's worst-kept secret was Aetna's desire to get out of Connecticut and encouraged the insurance giant to relocate to Boston. The column made big news in Connecticut but Massachusetts officials have been hoping for an Aetna move for since 2015.
As Gov. Dannel Malloy and the state bond commission raced through their votes on $350 billion in new borrowing Friday, Connecticut’s credit rating was downgraded by Fitch Ratings Agency, giving Connecticut the third worst bond rating of the 50 states. But Connecticut’s lagging economy and heavy debt burden did not prevent the bond commission from borrowing nearly $50 million to give loans and grants to companies through the Department of Economic and Community Development.
An estimated 2,000 realtors and brokers gathered in Bushnell Park outside the Capitol building on Tuesday to urge lawmakers to create “A Connecticut We Can Sell,” and stop the outmigration crisis that is hurting homeowners, businesses and the real estate market.
The private sector saw a loss of 1,500 jobs, which DOL said may be attributed to poor weather. “Much of the job declines in February came from industries that can be weather affected and it should be noted that that the survey reference week occurred during a particularly cold and snowy period.”
Many important bills are making their way through the state legislature and several have been passed out of committee. Some of them are good, others bad. These proposed bills will have a big impact on the people of Connecticut, so we have listed some of them below with an update on what they do and what it could mean for Connecticut.