The Appropriations Committee today approved a bill to increase the state’s minimum wage to $15 per hour by 2022, costing the state an additional $40 million per year and costing municipalities up to $1 million per year. The state’s minimum wage would then be adjusted each year starting in 2024 ...
Early reports of budget recommendations from Connecticut’s Appropriations Committee showed the Committee rejected Gov. Ned Lamont’s proposal to force municipalities to cover a portion of the state’s teacher pension costs. But that major point of divergence from the governor’s budget turned out to be a mistake. At a press conference ...
Gov. Dannel Malloy's budget chief told the appropriations committee Tuesday that, despite a pension agreement between the governor’s office and a group of state employee unions, Connecticut will face “a relatively brutal” increase in pension costs equal to 10 percent of the budget by 2023. The pension deal would essentially refinance the existing pension payments by extending them through 2046 to make up for a $16.5 billion funding shortfall.