Latest News

Private Providers

With the state relying increasingly on private sector providers of social services - a policy promoted by CT21 - some advocates are arguing that taking the responsibility away from state employees may save the state money, but it is not necessarily in the best interest of people who need care.

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Debating First Five

Although always controversial, Governor Malloy is defending his administration's First Five program designed to provide incentives to companies that bring or in some cases commit to retaining jobs in Connecticut.

Some argue it is corporate welfare, but Malloy strongly contends it's what states have to do to compete in the national marketplace for big employers.

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CT Unemploy Rate Drops

The labor department reports the Connecticut jobless rate dropped to 5.7% in July. According to statistics, 1,700 jobs were added to the economy.

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Overtime Costs Down

The Office of Fiscal Analysis is reporting that state overtime costs were reduced dramatically in 2016.

The cost reductions were achieved after CT21 identified better management of the use of overtime in a number of state agencies as a broad target for state government cost cutting efforts. As expected, some of the best results came in the Department of Correction.

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Poorly Poised?

According to a new report from Standard & Poors, Connecticut may be "poorly poised" to endure if a recession occurs in 2017.

S&P says low budget reserves, high costs and over-reliance on taxing the wealthy all contribute to Connecticut's weak position.

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Team Work Needed

The Hartford Business Journal editorializes this week on the need for state government and the private sector to work together to build the Connecticut economy of the future.

And the HBJ says most of the responsibility lies with business, because government simply lacks the resources to turn things around on its own.

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Deficit Improvement

In the grand scheme it is a small movement, but the projected state budget deficit for the fiscal year just ended has improved slightly from a month ago.

According to the state comptroller's office, the 2016 deficit stands at $279 million, down about $36 million from last month. A final certification is expected in September.

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Retirement Plans

Even though states like Connecticut are facing difficult choices about funding their own state employee retirement plans, nearly half are moving forward with plans to offer retirement accounts to private sector employees, according to the latest research from Pew.

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Transit Future

According to the Connecticut Mirror, there is a split in Connecticut government circles about how best to proceed with plans to modernize passenger rail service in the northeast. One group favors a shoreline train route between Boston and New York and another, led by Governor Malloy, favors an inland route through Hartford and passing near Storrs.

The debate obviously has policy and budget implications.

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Borrowing Reform

The Connecticut Office of the Treasurer continues to push for some common sense reforms in the manner in which the state borrows money for capital projects.

Among the ideas; ending the practice of using some borrowing to pay for operating costs and paying cash for some capital projects.

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Smart Manufacturing Investment

By Scott Bates

At a time when Connecticut is seeing an increase in job opportunities in the manufacturing field the Connecticut State Colleges and Universities (CSCU) system has smartly added new advanced manufacturing programs. These programs will be instrumental in expanding the changing manufacturing sector.

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No More Layoffs?

In delivering budget reduction options to the governor's budget office, state agency leaders are arguing they can make the cost cutting goals without further layoffs.

Twenty-six state agency leaders are making the claim according to a report in the Connecticut Mirror.

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