Connecticut’s Fixed Costs Drive Budget Deficit in 2020 and Beyond
What are the major cost driver's of Connecticut's deficit in 2020?
pension costs
Fringe benefits costs grow $222 million in new budget, as some agencies take cuts
According to the new budget proposal released today, state employee fringe benefit costs - including pensions and retiree health benefits - will grow by more than $222 million. Overall, the new general fund budget will grow $214 million and a number of agencies took multi-million dollar cuts to make up for the increase in fringe benefit costs, including a $14 million cut to the Office of Early Childhood’s Care 4 Kids program.