Sen. Joe Lieberman, an independent Democrat who is retiring when his term expires in 2013, spoke to a luncheon July 15 hosted by No Labels and the Comeback American Initiative. He talked about the inability of Congress to reach a solution in the ongoing debt-ceiling debate.
Home » July 29th, 2011
Entries posted on “July, 2011”
Governments will need to account for future costs of today’s decisions
There’s no such thing as a free lunch, but that doesn’t stop politicians from putting them on the menu. Accounting gimmicks and one-time revenue tricks like sale-leaseback arrangements and concession agreements make today’s budget look balanced while making future budgets even more out of whack. Under new accounting rules released this month, the Governmental Accounting [...]
State pension fund for teachers subsidizes wealthy school districts
The state of Connecticut spends a lot of money supporting school districts, paying nearly 10 percent of the state budget in direct grants. And each year cities and towns put up a fight at the Capitol to keep their share of funds. The state’s educational cost sharing grants are paid based on a complicated formula [...]
Rowland: Legislature spends money ‘like after-dinner mints’
“Think about this: Rome is burning. We’ve got a $3.5 billion deficit,” said former Connecticut Gov. John G. Rowland at a May Yankee Institute luncheon. “By the way, even with this concession package, the budget deficit is still $1.2 billion. And, oh, let me insult you some more. There’s a billion dollar budget surplus [...]
State budget update for Windham cable-access show
The Windham cable-access show Face of Pro-Life invited Zachary Janowski to talk about the state budget and other topics on April 26. Related articles: Embryo mix-up doesn’t hurt doctor’s bonus $2 million claim pending against CT in embryo mix-up 1,126 Connecticut Employees Earn More Than Governor SustiNet won’t help those who need it most What [...]
Centrists gathered in Hartford call for balanced budgets and fiscal responsibility
With the federal government on the precipice of default if the debt ceiling is not raised and Connecticut laying off thousands of employees, a group of centrists met Friday to discuss solutions for America’s fiscal problems. No Labels and the Comback America Initiative hosted the luncheon featuring a number of Connecticut political veterans. Independent Democratic [...]
Reformatted utility regulator has a rocky start
The Public Utilities Regulatory Authority met for the first time July 1 – but had to adjourn for half the day because it wasn’t sure if it existed yet. PURA, part of the Department of Energy and Environmental Protection, is the successor to the Department of Public Utility Control. Public Act 11-80 merged the DPUC [...]
Increase in union dues and layoffs for state police announced on the same day
Adding insult to injury, the State Comptroller announced state police union dues will rise 2.5 percent the same day the Hartford Courant reported 57 troopers will get pink slips. Gov. Dannel Malloy is laying off about 6,500 state employees to fill a $1.6 billion budget gap over the next two years. Less than 500 layoffs [...]
State employee layoffs will cut into union budgets
The 6,500 layoffs proposed by Gov. Dannel Malloy to balance the state budget – in addition to their impact on state government – will also cut into the budgets of the unions that represent state employees. The State Employee Bargaining Agent Coalition and its member unions recently failed to pass a tentative agreement with Malloy, [...]
State and local pension accounting takes a step toward transparency
The way states and local governments account for pensions is about to change – slowly. The Governmental Accounting Standards Board, a nonprofit based in Norwalk, Conn., will release a draft of changes to pension accounting rules Friday. These changes will first affect government balance sheets in fiscal year 2013. The most significant change in the [...]
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