by Zachary Janowski | Jun 29, 2011 | Features, General, State Budget
With state employees rejecting a $1.6 billion concession agreement, Gov. Dannel Malloy has just days to implement his backup plan before the new fiscal year begins July 1. Malloy intends to do the cutting in a decentralized manner, with each agency head responsible...
by Zachary Janowski | Jun 22, 2011 | Features, General, State Budget
State employee unions will finish voting this week on a concession package that, if approved, could reduce the long-term cost of pensions by $7.8 billion, in addition to the more immediate savings used by Gov. Dannel Malloy to balance the state budget. The Malloy...
by Zachary Janowski | Jun 15, 2011 | Features, General, State Budget
The leaders of one state employee union subgroup have written a letter asking their union not to proceed with a vote on the proposed concession package. Seven elected leaders of the Engineering, Scientific & Technical Council – also known as P-4 – wrote a June 13...
by Zachary Janowski | Jun 9, 2011 | Features, General, State Budget
Actuarial estimates and other documents obtained in a Freedom of Information Act request show how the state will save $1 billion by implementing a union concession agreement negotiated by Gov. Dannel Malloy’s administration. However, the documents do not include...
by Zachary Janowski | Jun 3, 2011 | Features, General, State Budget, Video
Former Connecticut Gov. John G. Rowland addressed a Yankee Institute luncheon May 25, sharing his thoughts on the state’s budget and economic future. Rowland’s political career ended when he resigned the Governorship, pleaded guilty to one corruption charge and served...
by Zachary Janowski | Jun 1, 2011 | Features, General, State Budget
The State of Connecticut is budgeted to run a surplus next year, but that result only occurs under the state’s unique system of accounting. Under Generally Accepted Accounting Principles the state would have a larger surplus during the current year and a deficit next...
