Cash flow report sparks fears state may need to borrow to pay bills on time

 

 

June 6, 2012  

 

From The Federation of Connecticut

Taxpayer Organizations, Inc. 
Contact Susan Kniep, President

Website: http://ctact.org/
Email: fctopresident@aol.com

Telephone: 860-841-8032

 

Today the Hartford Courant reported UConn To Hire 275 New Faculty Members In Next Four Years  The article noted that : The university plans to hire 65 faculty members to begin in the fall, with another 90 hired by the fall of 2013. The majority of the hiring effort will be funded through a four-year tuition increase plan that was passed by the university's Board of Trustees in December. The plan, which increases tuition by between 5.5 percent and 6.25 percent each year, will generate about $50 million to go toward hiring, according to Michael Kirk, spokesman for the university. That figure will have to be further supplemented, Kirk said, but he wasn't yet sure by how much.

 

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University of Connecticut Salaries and Benefits

Paid from July 1, 2010 to June 30, 2011

Ranging from $250,000 to $2,403,224.       

16,907 employees received a total of $453.7 million in Wages and $158.3 Million in Benefits for a Total in Wages and Benefits of $612.0 Million

http://www.ctact.org\upload\home\UCON1.htm

 

 

Information Obtained from the State’s Transparency Website

http://transparency.ct.gov/html/main.asp

 

 

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A WIN FOR WALKER – UNIONS – NOT SO MUCH!

 

As recently noted in Analysts See Broad Implications In Walker's Win « CBS Minnesota   “After more than a year of fighting, Wisconsin’s Republican Gov. Scott Walker survived Tuesday’s recall vote, winning 53 to 46 percent over his Democratic challenger, Milwaukee Mayor Tom Barrett. “ As Walker is the only governor to win such an election, some analysts say this marks a big defeat for unions. And a historic win in the national spotlight just may catapult Walker ’s political career.”  Others also predict Governor Walker's Victory Spells Doom For Public Sector Unions ...,.  and warn Not Just Wisconsin: California Portends Bad News for Public Employee Unions (David Harsanyi / Human Events)

 

Most disturbing however is that MSNBC has announced that Police, DOJ investigate death threats against Walker after recall win ....

 

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On the local front, as Governor Malloy defends Donovan's response to campaign investigation, it is interesting to reflect on the actual 14 page Federal Affidavit which can be accessed at BRADDOCK complaint . On Pages 5 and 6  reference is made to Co-Conspirator No. 1 defined as CC-1, a series of phone calls, an exchange of money, and the following comment by CC-1   “It’s a game that lucky enough I’ve got the contacts to play good in it.”  In the article by CTMirror.org captioned Union removes officer implicated in illegal contributions it is noted that “A correction officer was removed from a union leadership position Saturday after being identified as involved in the delivery of FBI sting money for illegal donations to the congressional campaign of House Speaker Christopher G. Donovan, D-Meriden. “In stories posted Friday night, The Courant and The Mirror identified ……. the treasurer of AFSCME Local 387, as "CC-1," an unnamed co-conspirator alleged in an FBI affidavit to have arranged illegal campaign contributions.”

 

The Republican American Newspaper Reported today in their article Check leads to donor Republican American that “A Waterbury woman appears to have made the contribution at the heart of a federal corruption investigation into the congressional campaign of House Speaker Christopher G. Donovan. “Dana Graziano, a local bank manager who lives in Parkview Condominiums on Park Road, donated $2,500 to Donovan's congressional campaign in April, federal election records show. “But it appears Graziano was a straw donor, according to the federal affidavit used to support the arrest of Donovan's financial director, Robert Braddock, last week.”

 

It was also reported late yesterday in the article  Party returns check following FBI sting | WTNH.com Connecticut  that “The Connecticut State Democratic Party has returned a $2,500 check it determined was part of the FBI illegal campaign contribution sting in the Chris Donovan campaign case. “So far Republicans have returned checks and the State Democratic Party has returned a check all connected to the big sting operation at the state capitol that resulted in the arrest of House Speaker Chris Donovan's Congressional Campaign Finance Director Robert Braddock Jr.”

 

And while the Donovan Scandal has been unfolding - yesterday it was reported that the Feds Search Seymour Property & Others In CT, MA, and PA.  Valley Independent Sentinel Staff   noted that “agents were from the federal Bureau of Alcohol, Tobacco, Firearms and Explosives. “Special agent Jim McNally, the public information officer for the ATF, offered few details Tuesday. ““We’re conducting enforcement operations in Massachusetts , Connecticut and Pennsylvania ,” McNally said. “McNally said no arrests were made Tuesday, and the investigation is “ongoing.”  The Connecticut Post reported the investigation may involve illegal tobacco sales.

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It is hard to believe that today we learned that Cash flow report sparks fears state may need to borrow to pay bills on time, when only a few days ago   a battle was brewing to keep Governor Malloy from giving a Communist Party affiliate $300,000 in State Bond Money which would have added to the State’s growing debt at  $71 Billion.   Our hat is off to the Yankee Institute – which led the charge – and writes:    Though the Malloy Administration last week signaled its intent to provide the New Haven People's Center, home to the Connecticut Communist Party, with $300,000 in taxpayer funds, Gov. Malloy reversed course on Monday during the State Bond Commission meeting and removed the effort from consideration. The decision came days after Gov. Malloy's spokesman defended the plan to subsidize Connecticut 's Communists, telling the New Haven Independent, "The governor thinks it's a worthwhile project." After Yankee Institute investigative reporter Zach Janowski blew the whistle on the project and followed-up with dogged reporting, Bond Commission members state Sen. Andrew Roraback and state Rep. Sean Williams raised more questions about the grant. State Rep. Chris Coutu and state Sen. Len Suzio helped organize veterans groups to speak out against this waste of taxpayer money.

 

Yankee Institute Announces Lunch with Arthur Brooks, president of the American Enterprise Institute in D.C., Tuesday, June 19, 2012, 700 East Main Street, Stamford, CT.   Contact Jessica at (860) 282-0722 or jessica@yankeeinstitute.org  Click here to save your spot now to hear more about Arthur's book Road to Freedom: How to Win the Fight for Free Enterprise.

 

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ProPublica continues to produce its excellent reports to include

Dissecting Obama’s Standard on Drone Strike Deaths and

How Bank of America Execs Hid Losses—In Their Own Words.

 

And more at http://www.propublica.org/

 

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On June 4, CNN Reported that Supreme Court justices back city in property tax dispute In their report, CNN noted that Indianapolis “Homeowners who wound up paying thousands more dollars in special taxes than their neighbors for the same sewage service found no relief at the Supreme Court on Monday. “The justices, by a 6-3 vote, upheld the decision by city officials in Indianapolis to deny refunds for some residents who paid their assessment fees up front, while forgiving the remaining taxes of those choosing an installment plan. Chief Justice John Roberts, in a tough dissent, said the result was a "gross disparity."

 

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Check Previous Publications by the Federation at http://ctact.org/