Connecticut made a historic $1.6 billion payment toward its $40 billion pension debt thanks to the state’s volatility cap, and that payment is expected to achieve significant savings over the next four years, according to […]
rainy day fund
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 […]
Connecticut’s fixed costs like Medicaid, debt service and retiree benefits continue to grow faster than state revenue and make up 52 percent of the state’s budget, according to the Office of Fiscal Analysis. In fiscal […]
CT Voices for Children, a public policy organization based in New Haven, released the first in a series of recommendations for mitigating the economic recession caused by the COVID-19 pandemic. Their recommendations included increasing the […]
Connecticut is undercutting private, nonprofit organizations that serve Connecticut’s neediest citizens through a lack of funding, competition for employees and the state’s rising minimum wage. That’s according to nonprofit leaders, workers and clients who came […]
The incoming governor and legislature are already feuding about whether to raid the Rainy Day Fund to balance the books in 2019. Governor-elect Lamont is right about this: the Rainy Day Fund must be saved for the next economic downturn. The fiscal life of the state depends on it.
Connecticut owes more on the state credit card per resident than nearly every other state in the country, according to a new study.
