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2019 Fiscal Year Starts in the Black
The 2019 budget is off to a good start, but it’s a long way to June 30th. Secretary of the Office of Policy and Management Ben Barnes reported Monday that state is on track to end the fiscal years in the black. After the first month of the 2019 fiscal year, the state is running a $138 million surplus.
Connecticut Has a Surplus - For Now
State government’s new budget year is off to a healthy start, but there’s good news and bad news in the numbers. Gov. Dannel P. Malloy’s administration announced Monday that state finances have been running almost $138 million in the black since the fiscal year began on July 1.
Malloy keeps up the pressure for transportation rebuild — and tolls
Undaunted by a lack of interest from state legislators and most gubernatorial candidates, Gov. Dannel P. Malloy continues to try to keep Connecticut focused on rebuilding its aging, overcrowded transportation system. The governor, who is not seeking re-election, used Monday’s announcement regarding one highway project in Waterbury to urge residents to demand more investment in transportation once he’s left office.
Market Appreciates Connecticut’s New Found Fiscal Discipline
Connecticut’s new found fiscal discipline and increased rainy day fund revitalized interest from bondholders when Connecticut sold $889.2 million in general obligation bonds last week. “While we have a ways to go, the municipal finance marketplace has taken notice that Connecticut’s fiscal position has turned a corner,” State Treasurer Denise Nappier said.
Report: CT student borrowers' debt rises 35% in '17
Connecticut's college graduates in 2017 had the sixth-highest average student loan debt in the U.S., according to a new report. The report by student lending marketplace LendEDU says the average debt per borrower in Connecticut was $31,643, a 35.6 percent increase vs. $23,326 in 2016. The state's average student borrower had $36,864 in debt in 2015, the nation's highest that year.
Hayes wins ground-breaking victory for 5th District nomination
Jahana Hayes, the political novice whose compelling life story drew national attention, soundly defeated former Simsbury First Selectman Mary Glassman Tuesday for the Democratic nomination to represent Connecticut’s 5th Congressional District.
Live Connecticut Primary Election Results from Around the State
View election results by town.
DRS: 18th Sales Tax Free Week Kicks Off Aug. 19
Just in time for back-to-school clothes shopping, Connecticut’s 18th Annual Sales Tax Free Week, during which retail purchases of most clothing and footwear items priced under $100 are exempt from sales and use tax, runs this year from Sunday, August 19 through Saturday, August 25, 2018. Connecticut shoppers are expected to benefit from approximately $4.8 million in sales and use tax savings during the state’s annual sales tax holiday.
Merged public college system needs major boost in state funds
Faced with mandated pay hikes and surging pension costs, Connecticut’s public college and university system may need an 11 percent increase in state funding over the next two years to maintain current programs, according to a preliminary analysis from system administrators.
Crumbling foundations trending as a campaign issue
The issue of crumbling foundations that trouble thousands of Connecticut homeowners is trending in political circles, but help to those afflicted faces significant obstacles and could be limited. GOP gubernatorial candidate David Stemerman was the latest to promise to help those who own homes built with concrete containing pyrrhotite, a mineral that expands with moisture and causes foundations to bow and crack.

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