by JR Romano | Jun 28, 2012 | Features, General
Give the governor a round of applause! He has successfully convinced the Connecticut-based Alexion Pharmaceuticals to move from one Connecticut location to…another Connecticut location. Meanwhile, the state still continues to struggle to create jobs, attract business,...
by Zachary Janowski | Jun 27, 2012 | Features, General, Taxes & Spending
Pensions for Connecticut state employees are worth nearly 50 percent of their income, according to a memo from the state Comptroller, only exceeded by the value of pensions for judges, worth about 58 percent of income. Regular state employee pensions are worth 46.01...
by Zachary Janowski | Jun 25, 2012 | Features, General
Norwalk, Conn. – State and local governments will need to disclose unfunded pension promises alongside debt on their balance sheets beginning in 2015 after an oversight board voted unanimously Monday to change relevant accounting rules. The rule change will not change...
by Zachary Janowski | Jun 25, 2012 | Features, General
From what I can tell, the New York Times is wrong when it says GASB is getting rid of actuarial smoothing: The board will also do away with the commonplace practice of “smoothing” the value of pension investments, or spreading the recognition of market gains and...
by Zachary Janowski | Jun 25, 2012 | Features, General
The nonprofit board charged with regulating accounting for state and local governments in the U.S. will take up a proposal Monday to change the way the public sector reports on pensions. The Governmental Accounting Standards Board is scheduled to vote on two new sets...
by Zachary Janowski | Jun 22, 2012 | Features, General, Municipal
Sorry, Cheshire. First, Gov. Dannel Malloy gives Cheshire-based Alexion Pharmaceuticals as much as $51 million to move to New Haven. Then the “bubble” over the town pool rips. Luther Turmelle reports for the Register that since 2003 the pool “has...
