In The News

Save or spend? CT legislators could upend budget rules in 2023

September 26, 2022 • Fiscal & Economics

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 ...

Authors: Keith M. Phaneuf •  Source: Connecticut Mirror • View

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Creating Wealth With ‘Baby Bonds’

  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...

Authors: Sono Motoyama •  Source: Chronicle of Philanthropy • View

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Report: Connecticut Begins To Close Income Inequality Gap

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 ...

Authors: Christine Stuart •  Source: CT News Junkie • View

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Report: Lagging job growth in CT will hamper economy

‘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 ...

Authors: Erica E. Phillips •  Source: Connecticut Mirror • View

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Annual watchdog report shows Connecticut workers lag in post-pandemic recovery

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...

Authors: Eric Warner •  Source: WSHU • View

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Facing $60 million loss, CT lawmakers plead with Congress to boost funding for energy assistance programs

September 1, 2022 • Fiscal & Economics

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...

Authors: John Moritz •  Source: CT Insider • View

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