Yankee Institute Blog
For a minute let’s set aside Connecticut’s desperate need for a budget that gets us off the deficit rollercoaster and celebrate the legislative successes of this session. These are the kind of bills that can help turn Connecticut around. Two bills (Senate Bill 191 and...
If legislation to construct a third casino in East Windsor passes, a blackjack dealer will have to pay more to the state for a gaming license than the developers of the estimated $300 million resort.
State representative from near-bankrupt Hartford draws teacher’s salary while working full-time for union
When Joshua Hall left his teaching position at Hartford’s Weaver High School in 2008 to work for the Hartford Federation of Teachers, he didn’t give up his salary. Instead, Hartford schools continued to pay him as vice president of the union, with the union only partially reimbursing the schools.
The practice of Connecticut’s near-bankrupt capital city paying union workers attracted little notice until April when Hall won a seat in the state house by special election as a member of the Working Families Party.
Boston Globe columnist Shirley Leung wrote last week that Hartford’s worst-kept secret was Aetna’s desire to get out of Connecticut and encouraged the insurance giant to relocate to Boston. The column made big news in Connecticut but Massachusetts officials have been hoping for an Aetna move for since 2015.
Guy Benson of Fox News and Mary Katherine Ham of CNN joined the Yankee Institute and 100 guests at the Thomas Hooker tasting room in Hartford on Tuesday to discuss their book, End of Discussion, and the state of free speech in America.
Meanwhile, lawmakers considered House Bill 5589, which would force some nonprofit groups to reveal the names of some of their supporters.
Reports surfaced Monday about a tentative deal between Gov. Dannel Malloy and the state employee labor unions to achieve $1.5 billion in concessions over the next two years and extend the state employee contract to 2027.
However, a five year contract extension will mean Connecticut will be saddled with the union deal, negotiated by Gov. John Rowland, for as long as most people have mortgages.
Only 34 percent of Connecticut’s teachers will work until they reach retirement age and get the full value of their pension, according to a new study released by Education Next, a education journal produced by the Hoover Institution.
Of new teachers starting out in education, only 55 percent will actually stay in the job for a full 10 years so they are vested in the pension plan.
Connecticut’s pension system may be in much worse shape than previously thought according to a new study from the Hoover Institution, a public policy think tank at Stanford University.
In 2015, Connecticut reported its pension liability as $30 billion but the Hoover Institute study says that figure was actually $68 billion.
As Gov. Dannel Malloy and the state bond commission raced through their votes on $350 billion in new borrowing Friday, Connecticut’s credit rating was downgraded by Fitch Ratings Agency, giving Connecticut the third worst bond rating of the 50 states.
But Connecticut’s lagging economy and heavy debt burden did not prevent the bond commission from borrowing nearly $50 million to give loans and grants to companies through the Department of Economic and Community Development.
In 2014, the Department of Correction spent $85.5 million in caring for the mental and physical health needs of Connecticut’s inmates under the terms of an agreement between the prison system and UConn Health Center’s Correctional Managed Health Care program.
However, according to an audit released Tuesday the true cost of that care is much higher.