New Health Plans May Be More Costly To Run Connecticut officials are considering ways to lessen the cost of plans that will be offered on the state's new health insurance marketplace.
Malloy: State Faces "Painful" Choices To Cover Projected $365 Million Deficit Gov. Dannel P. Malloy says some ``painful choices'' and spending cuts will be needed to help cover Connecticut's projected $365 million budget deficit.
State Medicaid Spending Up, Sales Tax Revenues Less Than ProjectedState Comptroller Kevin Lembo says current projections put the sate with a $60 million deficit this budget year
With Many Pensions Under-Funded, Bristol's Is Over-Funded . . . by $370 Million Bristol's pension plan is so flush with cash it's considering investing a few hundred thousand dollars in companies to boost economic development.
Barnes Suggests Additional Budget CutsState Budget Chief Ben Barnes is suggesting $78.7 million in cuts in spending in the current year's spending, plus a crackdown on new state hiring -- including a final sign-off by his office on any new hires -- as a way of balancing the state budger.
Moody's Downgrades State's RatingMoody's Investors Services has downgraded Connecticut's general obligation bonds from the Aa2 rating it has held for 21 months to Aa3. Budget chief Ben Barnes lashed out -- saying Moody's took the action to detract attention from what he called the rating's services "historic lack of credibility."
State May Delay Health Plan PoolingGov. Dannel P. Malloy's budget director wants Connecticut's comptroller to delay plans to open up the state's health insurance program next month to municipal workers.
Nearly Three-Fold Increase In State Employee Retirements Connecticut's budget director says 2,628 state employees elected to retire over the past 10 months.
Malloy Administration Details Next Steps In Employee Concessions DealGov. Dannel P. Malloy's budget director says most of the layoff notices already issued to Connecticut state employees will be suspended until Sept. 1, giving the legislature time to sign off on a newly ratified labor savings deal.
Budget Chief: We Tried To Be Fairthe governor's budget chief, Ben Barnes says he's aware that many industries in Connecticut are upset with tax increases being proposed but he says they tried to spread the pain as fairly as possible.
Barnes Group Profit Up, But Earnings Forecast Less Than EstimateBristol-based Barnes Group says its profit climbed 86 percent in the fourth quarter as the effects of the global economic slump eased and its business improved.
New Taxes Dominate Appropriations Meeting