by Marc E. Fitch | Oct 18, 2017 | Budget, Economy |
A fiscal stress test of all fifty states by Moody’s Analytics showed that Connecticut faces significant risks if the country experiences another recession – even a moderate one. Connecticut was one of the bottom 15 states that were “substantially unprepared” for...
by Marc E. Fitch | Oct 16, 2017 | Budget |
Gov. Dannel Malloy released his 4th budget proposal this year in an effort to reach a bipartisan consensus to pass a budget. Connecticut is well over 100 days into the new fiscal year, and is the last state in the nation without a budget. Touting it as a “bare bones”...
by Marc E. Fitch | Oct 11, 2017 | Budget, Local/Municipal, Yankee News |
Concerns over state employee pay, benefits and pension obligations have thrust Connecticut into its third month without a budget. Under Governor Dannel Malloy’s executive order, state education cost sharing grants are either being cut or eliminated to 139 towns and...
by Marc E. Fitch | Sep 22, 2017 | Budget, Yankee News |
Carrying signs that read “Support UConn” and “Respect Collective Bargaining,” approximately 300 University of Connecticut staff and students rallied outside the Legislative Office Building to protest proposed cuts to the university included in the...
by Marc E. Fitch | Sep 15, 2017 | Budget, Pensions |
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...
by Marc E. Fitch | Sep 8, 2017 | Budget |
With the state facing a $3.5 billion budget hole and the legislature unable to reach a budget agreement, Gov. Dannel Malloy put forth a revised budget which offers a mix of smaller tax increases and municipal cuts. The governor’s “compromise” budget offers...
