by Zachary Janowski | Aug 20, 2013 | Economy, Features, General, State Budget
Connecticut economic development officials will pay nearly $300,000 over the next year to promote Connecticut abroad with a particular focus on four foreign countries: Brazil, China, Germany and Israel. The Department of Economic and Community Development hired the...
by Jordan Otero | Aug 13, 2013 | Education, Features, General, State Budget, Taxes & Spending
The University of Connecticut is missing out on millions in savings because of Gov. Dannel Malloy’s agreement to forego layoffs during his first term in office. A recent study by prominent consulting firm McKinsey & Co. said the university could save at...
by Zachary Janowski | Aug 9, 2013 | Features, General, State Budget, Taxes & Spending
The cost of providing retirement benefits to state employees will rise to more than half the cost of salary and wages this year, according to estimates by Comptroller Kevin Lembo. The cost of these benefits, including pensions and health insurance for life, rose about...
by Jordan Otero | Jul 30, 2013 | Features, General, Politics, State Budget, Taxes & Spending
A Connecticut legislator works for a nonprofit organization that is largely funded by the state, receiving more than $540,000 in the last three years. Rep. Terry Backer, D-Stratford, runs Long Island Soundkeeper, an organization he helped start two decades ago. The...
by Zachary Janowski | Jul 26, 2013 | Features, General, Politics, State Budget
Fifth Street Financial Corp. will relocate to Greenwich thanks to a $5 million enticement from Connecticut taxpayers. Fifth Street Financial is a business development company, essentially a publicly-traded private equity firm. It buys, loans money to and invests in...
by Suzanne Bates | Jul 25, 2013 | Education, Features, General, State Budget
Connecticut is spending millions on so-called “phantom students” because it pays for some students twice – a practice that would end if the state instead “followed the child” with its education dollars. School districts are paid based on the number of school-aged...
