by Zachary Janowski | Apr 26, 2012 | Features, General, State Budget
Connecticut’s long-term liabilities went in the right direction for a change, according to a draft report by the state’s new healthcare actuaries, falling from about $8,700 per person to $5,800. Medical and prescription drug benefits for a 50-year-old retired state...
by Zachary Janowski | Jan 26, 2012 | Features, General, State Budget
The agreement to save money on state employee compensation negotiated by Gov. Dannel Malloy and the State Employees Bargaining Agent Coalition last year will save $3.5 billion over 20 years, according to the latest actuarial valuation, less than half of the $8.3...
by Zachary Janowski | Jan 20, 2012 | Education, Features, General, State Budget
The University of Connecticut Foundation will pay about $4,500 to send Gov. Dannel Malloy to the World Economic Forum annual meeting in Davos, Switzerland, while the state owes the foundation $18 million in matching grants. Since 2007, the state has pledged to match...
by Zachary Janowski | Jan 13, 2012 | Features, General, State Budget
During the contentious Connecticut budget debates of 2011, a Latino advocacy commission had to award all the money in a small scholarship fund containing private donations to avoid losing it in a budget-balancing sweep of the account. Going into the budget debate,...
by Zachary Janowski | Sep 30, 2011 | Features, General, State Budget
Connecticut owes its employees billions of dollars in future pension benefits, a fact that is currently hidden in the footnotes of its financial reports, but a few changes on the way will make these debts more transparent. In addition to the money invested in the...
by Zachary Janowski | Sep 22, 2011 | Features, General, State Budget
Connecticut’s planning and budget agency, the Office of Policy and Management, is breaking the law – according to auditors – because the agency’s leaders don’t even know how many reports they are required to write. The General Assembly requires at least 100 OPM...
