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Malloy spokesman: Rell ‘cared little’ about Governor’s Residence
Install timer on waterfall. Refurbish pool area lion-head fountain. Replace pool house French doors. These were three of the 47 work orders on 990 Prospect Street – the state-owned home where Gov. Dannel Malloy and his family are living – pending on July 26, according...
Connecticut named ‘sinkhole state’ by accounting institute
Each Connecticut taxpayer would need to write a check for $41,200 to pay off the state’s debts, prompting the Institute for Truth in Accounting to name the state a “sinkhole.” Connecticut’s per taxpayer burden is 73 percent higher than Kentucky’s, another sinkhole...
Weicker: CT GOP is a ‘nonentity’
Former Gov. Lowell Weicker, a Republican who became an independent, spoke to a luncheon July 15 hosted by No Labels and the Comeback American Initiative. He compared Gov. Dannel Malloy’s budget challenges with his own, which led to passage of the income...
Kennelly: Debt ceiling votes routine
Former Rep. Barbara Kennelly, a Democrat, spoke to a luncheon July 15 hosted by No Labels and the Comeback American Initiative. She talked about how commonplace debt-ceiling votes are in...
Barnes: Union agreement an opportunity to change pensions
Ben Barnes, Gov. Dannel Malloy’s budget chief, spoke to a luncheon July 15 hosted by No Labels and the Comeback American Initiative. He talked about reducing pension costs through an agreement with state employee...
David Walker: Interest is taking over the budget
David Walker, former U.S. Comptroller General and CEO of the Government Accountability Office, spoke to a luncheon July 15 hosted by No Labels and the Comeback American Initiative, a Bridgeport-based group Walker founded. He talked about the long-term fiscal...
More taxing than expected, Connecticut collects $1.1 billion extra
Connecticut’s top accountant announced Monday the state collected $1.1 billion more taxes than expected last fiscal year, the same day that Gov. Dannel Malloy’s $900 million retroactive income tax increase went into effect. State officials underestimated tax revenue...
Sen. Lieberman: A real debt-ceiling solution will have a ‘catalytic effect’ on confidence
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...
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...
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...