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
Gov. Dannel Malloy
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
The new year will bring another round of wage increases for state employees and a new payroll deduction for everyone else, and House Republicans are calling of Gov. Ned Lamont to suspend both in light
Gov. Ned Lamont today signed onto a regional cap and invest program called the Transportation and Climate Initiative that will raise the price of gasoline by upwards of 17 cents per gallon. Massachusetts Gov. Charlie
Connecticut Voices for Children, a New Haven-based think tank, outlined their plan to achieve economic justice through increasing taxes on Connecticut’s top earners in a report published this month and in an online presentation that