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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.
CT’s two-tiered human services system: ‘One tier too many’
Oak Hill, Inc., the largest nonprofit provider of human services for the state, recently trained two group home workers, only to see them jump to the competition earlier this year. The competition is the state. Connecticut has an unusual two-tiered system of residential programs for persons with developmental disabilities. The state runs some group homes and other residential facilities, and contracts with nonprofits such as Oak Hill to run others. The work is the same; the...
Change is coming for nonprofit human service providers, but will it make or break them?
It is a time of reckoning for Connecticut’s private, nonprofit social services. After two decades of flat or reduced funding from its chief client — state government — community-based agencies are struggling to retain both their programs and the low-paid staff who deliver care for thousands of poor, disabled and mentally-ill adults and children. Depending on the vantage point, Connecticut’s nonprofit social services sector is viewed as either the best means to preserve the state’s...
After years of cuts, nonprofits struggle to survive.
The term “nonprofit organization” may well be misleading. Some might think nonprofits aren’t really businesses. Ah, but they are; indeed, some are large, intricate and highly regulated businesses. Like for-profit businesses, they need revenue to execute their missions. When that revenue falls off, they must make creative and/or hard-nosed business decisions.

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