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 […]
Gov. Dannel Malloy
Is it every year? Or every other year? That appears to be a perplexing question facing the Office of the State Comptroller concerning a report on taxpayer savings generated from the 2017 SEBAC Agreement. In […]
As Gov. Ned Lamont’s administration continues to negotiate with state employee unions over new collective bargaining agreements, the State Employees Bargaining Agent Coalition indicated that it would be willing reopen its pension and healthcare benefits […]
Connecticut has the worst-funded pension system in the country, according to a new annual report released by the American Legislative Exchange Council. Using a “risk free” discount rate – which increases the state’s estimated pension […]
Connecticut’s total unfunded liabilities for other post-employment benefits like retiree healthcare totals $23.3 billion placing Connecticut 41st in the nation based on the size of its liability, according to a new report from the American […]
The Connecticut Department of Transportation released contract provisions for rehabilitation of the north-bound side of the Gold Star Memorial Bridge in New London which includes a project labor agreement guaranteeing union labor will be used […]
Since its inception in 1991, Connecticut’s income tax has been raised four times, new brackets have been added, and the income tax has become the state’s largest source of revenue, projected to bring in $9.4 […]
Out of roughly 30,000 state employees in the executive branch only 139 were discharged for work performance issues over the course of a year, according to figures revealed through a Freedom of Information Request. According […]
Connecticut’s long-term debt grew $8.4 billion between 2019 and 2020 due to increased liabilities for Connecticut’s retirement systems, according to the newly released Comprehensive Annual Financial Report. Connecticut’s unfunded pension and OPEB liabilities increased from […]
Members of the state Compensation Commission for Elected Officers and General Assembly Members voted 3-2 today to recommend that state lawmakers and the governor receive a wage increase in January following the next election for […]
