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Government & Politics

OPM IDs nearly $55M in state cuts

Gov. Dannel P. Malloy's administration said Thursday afternoon that it would cut $47.8 million from executive branch agencies and it has asked the legislature for an additional $6.9 million in...

Audit: Comptroller's office violated sick leave, promotion rules

The Office of the State Comptroller failed to adequately enforce state policies on employee sick time and also awarded maximum pay raises to managers without conducting performance reviews, according...

Legislator to try again on holiday pay

Spurred by the ever-expanding hours of retailers on Thanksgiving, Rep. Matt Lesser, D-Middletown, said he plans to again introduce legislation that would require employers to pay their employees more...

CT bonds net AA rating, ‘stable’ bond outlook from Kroll

A day after Fitch Ratings assigned an ‘AA’ rating and negative outlook to $500 million in state bonds, Kroll Bond Rating Agency assigned the same rating, but with a stable outlook.

Insurance commish Leonardi leaving post for private sector

State Insurance Commissioner Thomas B. Leonardi will leave his post in December to join a Wall Street investment banking firm, officials announced.

CT keeps ‘AA’ bond rating, negative outlook

With the state’s Bond Commission prepared to approve a slate of borrowing on Wednesday, Fitch issued an ‘AA’ rating on $500 million worth of Connecticut general obligation bonds and...

CT Green Bank violated contract awarding, reporting laws

The Connecticut Clean Energy Finance & Investment Authority failed to fulfill its legal requirements on awarding contracts and reporting its progress to the legislature, according to an audit report...

Conning: CT credit quality climbs 4 spots

After being ranked dead last in the country a year ago and 49th in May, Connecticut's credit ranking has improved to 45th, according to Conning's 'State of the States' ranking.

CT loses $8.5B of federal taxes paid

Of the total amount of federal taxes Connecticut businesses and individuals pay each year, the federal government only returns approximately 83 percent in the form of contracts, payroll, grants and...

OPM: CT has $99.5 million FY15 deficit

The state budget for the current fiscal year is running a $99.5 million deficit, according to a report released Friday by the Office of Policy Management.

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