Yankee Institute Blog

DOT pension, healthcare costs grow nearly $30 million in three years as state projects are put on hold

Pension and healthcare costs for employees with the Department of Transportation grew $30 million over three years, increasing operating costs for Connecticut’s beleaguered Special Transportation Fund.

According to figures from the State Comptroller’s Office, between 2014 and 2017 state pension contributions increased $21 million, while healthcare costs increased $9 million.

Commission hears testimony on the cost of Connecticut’s “dysfunctional relationship with its government unions”

Only sixty-five cents of every tax dollar actually goes toward funding Connecticut’s state government, the rest goes toward supporting the “legacy costs” of massive debt, pension and healthcare costs.

That fact was pointed out by former Webster Bank CEO and co-chair of the Commission on Fiscal Stability and Economic Growth, Jim Smith, during an extensive hearing on the various difficulties — both fiscal and economic — facing Connecticut.

Malloy veto costs taxpayers $11,000 for special session

For a state facing billions in projected deficits, $11,000 may seem like a drop in the bucket, but that is what it will cost Connecticut taxpayers when lawmakers convene for a special session to override Gov. Dannel Malloy’s veto of a bill to save a popular Medicare program.

State overtime spending jumps in 2018

Connecticut has spent $13.9 million more in overtime for state employees during the first half of this new fiscal year than it did in 2017, according to a report by the Office of Fiscal Analysis.

Connecticut had been making headway in reducing overtime spending since a high of $256.1 million in 2015. In 2017, Connecticut spent a total of $204.4 million.

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