A new annual report from Truth in Accounting found Connecticut has $67 billion in bonded debt and unfunded retirement costs, making it the third most indebted state per taxpayer in the nation. The total debt, which amounts to $50,700 per taxpayer in the state, is based on Connecticut’s 2019 financial ...
A committee in charge of managing charitable funds donated by state employees through a payroll deduction was found to have several reporting problems, according to a new audit. The State Employees’ Campaign for Charitable Giving was created by statute and allows state employees to authorize a payroll deduction that goes ...
A proposal to create a public health plan for small employers has some lawmakers and business associations wondering why the state of Connecticut is trying to compete against the state’s flagship industry. According to the bill, the state of Connecticut – the insurance capital of the world — will allow ...
Connecticut’s bond commission approved over $80 million in economic assistance for 16 different companies — including giants like Electric Boat, Walgreens and PriceWaterhouseCoopers — but the grants and loans drew some critical questions from panel members.
An audit of the Connecticut state employee retirement system released Thursday led to Republican House Leader Themis Klarides, R-Derby, to call for a hearing on the auditors’ findings. The report by the state auditors revealed a number of instances of wasteful spending amounting to millions in overpayments or payments in violation of state statute during the years of 2012 and 2013.