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
The Connecticut Office of Policy and Management is searching for a vendor who could analyze and model a complicated new taxation strategy that would replace part of the income tax with a payroll tax. If […]
The Center for Retirement Research at Boston College issued a report on the pandemic’s effect on state and municipal pension systems and listed Connecticut’s State Employee Retirement System as one of the ten worst-funded pension […]
Connecticut’s teacher pension debt is officially listed at $16.8 billion, but a new study says that figure might be much higher. According to a new study published by Yankee Institute, Connecticut’s discount rate for its […]
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 […]
Democratic governors in New York, Pennsylvania and Virginia are temporarily suspending raises for state employees or freezing pay until they can better understand the fiscal impact of the pandemic, but, thus far, Connecticut state employees […]
The COVID-19 pandemic has rightly led to high praise and support by lawmakers and state officials for hospitals that face potentially overwhelming numbers of infected patients and for small businesses that have been forced to […]
The State of Connecticut and municipalities face a substantial burden – and now threat – from pension and retiree healthcare funds, as the stock market has plunged in recent weeks, which could leave taxpayers on […]
The Department of Economic and Community Development was cited by state auditors for forgiving or modifying state loans to companies totaling $23.6 million and awarding $16 million in excess assistance through the First Five Plus […]
Connecticut is one of only four states that give state employees a paid day off on February 12th for Abraham Lincoln’s birthday, but while the state government may be on holiday, the cost to taxpayers […]
