Despite the suspension of 400 infrastructure projects around the state, Gov. Dannel Malloy’s $100 billion Let’s Go CT initiative is still moving forward, albeit at a slower pace, with $3.7 billion in bonding over the next five years.
The cost of fringe benefits, including pensions, for Connecticut community colleges are growing faster than revenue, prompting tuition increases for more than 47,000 college students, according to an audit of the Connecticut Community College System.
Connecticut pays $14,374 per teacher per year toward the teacher pension debt, money that could be used to increase teacher salaries or improve children’s education.
The Parent Express - a party bus loaded with education materials, books, and volunteers - took to the road on Wednesday to visit school children and parents in 10 different cities and promote the joys of learning for both children and their parents.
Connecticut has the most underfunded pension system in the nation, amassing more than $127.7 billion in liabilities, according to an annual study by the American Legislative Exchange Council.
Gov. Dannel Malloy released a plan Wednesday to close a $208 million state deficit this year by offering a combination of cuts to social service programs and tax increases on cigarettes, hotels, and the state sales tax.