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 ...
COVID 19 pandemic update: At yesterday’s COVID-19 briefing, Governor Lamont had the two co-chairs of the Reopen CT Advisory Board available to answer questions and discuss the possible timelines for the reopening of non-essential businesses and easing of social distancing. The Reopen CT advisory group was assembled to examine issues ...
As the COVID-19 pandemic continues, this week it was no surprise that legislative leaders announced the 2020 legislative session is over, and will adjourn without any further action. The constitutionally mandated adjournment date is midnight, May 6. We hear there may be a special session in the upcoming months although ...
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 ...
The Legislative Office Building remains closed with the governor stating that May 20 is the earliest date for deciding when, and if, schools will reopen along with other parts of the Connecticut economy. In terms of addressing this, Governor Lamont has convened an advisory board. The co-chairs of the board ...
Minnesota Gov. Tim Walz issued an executive order on March 17 temporarily suspending collective bargaining restrictions on the state workforce, raising some concern among government unions. According to Walz’s executive order, all provisions in collective bargaining agreements related to work schedules, locations, vacation approval, seniority requirements and work reassignments in ...