The State of our State – CONNECTICUT – is in
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STATE OF OUR STATE
CTNewsJunkie.com
budget, budget
deficit
CTMirror.org
Budget/Economy
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CT staring at another $1B deficit after next state election
By: KEITH M. PHANEUF | September 28, 2015 CTMirror.org
Since Gov. Dannel P. Malloy’s administration announced state
income tax receipts were lagging due to weak stock market earnings, much of the
Capitol’s focus has been on the relatively small hole it opened in the current
budget. But the projected loss of $100 million in tax receipts this year also
exacerbates a much bigger budget problem just down the road.
Continue Reading →
Filed under: BUDGET/ECONOMY, POLITICS, Connecticut state budget, income tax, labor
concessions, New York Stock Exchange, S&P 500, state
employees
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Some Democrats ready to talk about state worker concessions
By: KEITH M. PHANEUF | October 2, 2015 CTMirror.org
Republican state legislators no longer are the only ones
talking about an immediate need for new concessions from state employees. The
top Democrat on the legislature’s Appropriations Committee, Sen. Beth Bye of
West Hartford, confirms that Democrats on her panel have discussed the
possibility of worker furloughs to mitigate recent cuts to hospitals and to
services for the mentally ill and developmentally disabled.
Continue Reading →
Filed under: BUDGET/ECONOMY, POLITICS, concessions, Connecticut state budget, SEBAC, Sen.
Beth Bye, State Employees Bargaining Agent Coalition
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ANALYSIS | Deficit Déjà Vu: Connecticut’s Budget Crisis Could
Continue Into the Next Decade
by Susan
Bigelow | October 2, 2015 10:00am
CTNewsJunkie.com
Tags: budget, budget deficit, Ben Barnes, Susan Bigelow, dh
The great Yogi Berra, who died this week, once said “It’s
like déjà vu all over again!” He probably wasn’t talking about Connecticut’s budget,
sadly, but the sentiment absolutely applies.
Continue
reading "ANALYSIS | Deficit Déjà Vu: Connecticut’s Budget Crisis Could Continue Into the Next Decade" »
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Despite Promises, 2015 Budget Ends In Deficit. 2016 Still In The Black
by Christine
Stuart | October 1, 2015
CTNewsJunkie.com
Tags: Gov. Dannel P. Malloy, Kevin Lembo, budget deficit, 2015, Brendan Sharkey, Len Fasano, rainy day fund, dh
After three rounds of rescissions and promises that the 2015
budget would end in the black, the state ended the year with a $113.2 million
deficit.
Continue
reading "Despite Promises, 2015 Budget Ends In
Deficit. 2016 Still In The Black" »
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Lembo joins dissent over Malloy’s emergency budget cuts
By: KEITH M. PHANEUF AND MARK
PAZNIOKAS | October 1, 2015 CTMirror.org
State Comptroller Kevin P. Lembo
distanced himself Thursday from Gov. Dannel P.
Malloy, calling his fellow Democrat’s emergency budget cuts premature and
warning they could harm the state’s economy. A top administration official shot
back, "We are making those tough decisions when we must, not shirking our responsibilities for political
convenience.”
Continue Reading →
Filed under: BUDGET/ECONOMY, Kevin
P. Lembo, rescissions
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UConn begins labor contract talks with cost savings as goal
By: JACQUELINE RABE THOMAS | October 1, 2015 CTMirror.org
With an extremely tough budget year on the horizon,
officials representing the University
of Connecticut have
started negotiating a new contract with some 4,000 professors and other
unionized staff with the goal of cutting costs. Continue Reading →
Filed under: BUDGET/ECONOMY, HIGHER
EDUCATION, AAUP, American Association of University Professors, Gov.
Dannel P. Malloy, UConn
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Despite Malloy’s assurances, last CT budget closes in deficit
By: KEITH M. PHANEUF | September 30, 2015 CTMirro.org
It’s official. State government finished the last fiscal
year in deficit, despite assurances from Gov. Dannel
P. Malloy that this would not happen. Comptroller Kevin P. Lembo
officially closed the books Wednesday on the 2014-15 fiscal year
– which ended June 30 – determining it finished $113.2 million in the
red.
Continue Reading →
Filed under: BUDGET/ECONOMY, POLITICS, Connecticut state budget, deficit, Rainy
Day Fund
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CTNewsJunkie.com
budget, budget
deficit
CTMirror.org
Budget/Economy