Financial

Latest Connecticut Financial

Colt logo (courtesy their website)

Gun Manufacturer Secures Financing

 WEST HARTFORD, Conn. (AP) _ Colt Defense has announced an agreement with its secured lenders for $20 million in credit to allow ordinary business operations to continue during its chapter 11 bankruptcy proceedings. Colt said […]

06/24/2015

(David Surowiecki/Getty Images)

UConn Trustees Approve Budget

STORRS, Conn. (AP) _ The University of Connecticut Board of Trustees has approved a $1.3 billion budget for the main campus in Storrs and five regional campuses for the 2015-2016 fiscal year, including a previously […]

06/24/2015

CT state capitol

Plan To Raise Taxes Approved By Finance Committee

By SUSAN HAIGH  Associated Press    HARTFORD, Conn. (AP) _ The General Assembly’s tax committee approved a Democratic plan on Wednesday that would increase personal income tax rates for high-earners, extend Connecticut’s sales tax to […]

04/29/2015

Money

State’s Personal Income Failed To Keep Pace

With unemployment still relatively high and job losses in prized industries weighing on Connecticut’s economy, personal income for state residents failed to increase as much last year as it did in most other states, according to federal statistics released Wednesday.

03/25/2015

CT state capitol

State Deficit Forecast

(HARTFORD,Conn./CBS Connecticut)   –   The state is on track to end the current fiscal year,June 30, with a $44.8 million deficit.The is the latest  consensus  revenue forecast  by the Office of Policy and Management and the […]

12/01/2014