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CT has saved $9 billion since 2017, but some say the budget constraints need to be loosened In the five years since state officials legally tied their own hands when it comes to spending, Connecticut has amassed more than $3 billion in budget reserves and used nearly $6 billion in surplus to reduce ...
When Efrem Fesaha first heard about baby bonds this spring, it made him think back to when he was 17 and a senior at Chief Sealth High School in West Seattle. He was the fourth of six children, his father had just died, and he wondered, “How am I going to fund my college?” He had to think...
A new report from the nonprofit Connecticut Voices for Children found greater real wage growth for low- and middle-wage workers over the past two years, but it hasn’t been enough to offset 40 years of income inequality. The report found that the increase in wages for low-and-middle wage workers ...
‘State of Working Connecticut’ attributes job market woes to lack of public sector hiring, wage and employment inequity The gap between job growth in Connecticut and the national pace of job recovery since the pandemic recession is expected to widen, hampering state economic growth in the years ...
Connecticut’s overall job recovery from the pandemic is lagging compared to the rest of the United States. The state is expected to close its short fall by June 2023, a year later than the rest of the country, according the latest annual “State of Working Connecticut” report by the Con...
State lawmakers this week sought additional money from Congress to cover an anticipated $60 million funding gap for the state’s low-income energy assistance program, which began accepting applications for the upcoming winter on Thursday. The gap — which represents more than 40 percent of the pro...