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As toll debate rages on, DOT wants $12.1B over next five years to invest in CT's infrastructure
A new capital plan recently released by the state DOT calls on Connecticut to spend $12.1 billion over the next five years to rebuild its highways and bridges and invest in public transportation.
Agencies warn Lamont of looming surge in state retirements
Connecticut, like many states, faces a significant change in its workforce as the baby boomer generation gets closer to retirement age.
Minimum wage, family leave top progressive wish list
Progressive Democrats in the state House of Representatives made an early effort Thursday to shape the 2019 legislative agenda of the Connecticut General Assembly, naming a $15 minimum wage, paid family and medical leave, and the legalization of recreational marijuana as their priorities.
Travelers kicks in $5M for crumbling foundation epidemic
Property and casualty insurer The Travelers Cos. has committed $5 million to support their policyholders suffering from crumbling concrete foundations, state officials said.
Millennials Make the Most Money in Massachusetts; Connecticut Ranks 16th
If you were born between 1982 and 2000, and you live in Massachusetts, you’re making more money, on average, then people of your generation living elsewhere in the United States. If you live in Connecticut, there are 15 states where the average salary for millennials is higher. Based on U.S. Census data analyzed by the website howmuch.com, the average salary for millennials in Connecticut is $69,600, compared with $80,307 in Massachusetts. The states in between, reaching the top 10, are...
Lembo confirms $250M state budget surplus
State Comptroller Kevin P. Lembo confirmed Monday that a recent surge in projected income tax receipts has left the current budget on pace for closing with roughly a $250 million surplus. In his monthly forecast, the comptroller projected the $19 billion General Fund will close June 30 $245.7 million in the black, a surplus of about 1.3 percent.
First crumbling-foundation relief could come in February
With the receipt of $19.15 million in state funds, the state-chartered Connecticut Foundation Solutions Indemnity Company could begin processing claims by homeowners with crumbling foundations in early January and cut its first checks in February, the company said Friday. “That makes us operational,” said Michael Maglaras, the company’s superintendent. Payments could go out by mid-February, “if you’ve got your application in order, all your evidence, if you go out and get your bids.”
The Evolution and Grand Opening of An Indian Tech Company In Hartford
The decision to locate Infosys’ Innovation Hub in Hartford involved an incoming governor, an outgoing governor, a number of business leaders, and the academic community. Governor-elect Ned Lamont went to Infosys’ New York offices two or three times and then hired a car service to bring Infosys President Ravi Kumar to Michael Cantor’s law offices in Hartford almost two years ago.
Making Hartford a destination for the companies of the future
Today, I was joined by Gov. Dannel Malloy and Gov.-elect Ned Lamont to inaugurate Infosys’ Hartford Technology and Innovation Hub. The Hub will help Infosys work more closely with its clients in the region and serve as the global center for Infosys’ InsurTech and HealthTech efforts. However, none of that would have been possible without the leadership of Gov. Malloy, Gov.-elect Lamont and our business and education partners in the great State of Connecticut. When Infosys first announced...
Few N.Y. Businesses Sign Up for State Program to Bypass Trump Tax Limits
New York Gov. Andrew Cuomo said a program enacted in April would help protect employees from new federal limits on the deductibility of state and local taxes. A state official said 220 businesses had opted into the plan as of Friday, a figure representing less than 0.1% of the state’s employers and an unknown number of employees.

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