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Lehman, McCaw named to marijuana-related Social Equity Council

The war on drugs "was really a war on Black and Brown people," said Gov. Ned Lamont, adding that it "caused severe injustices and disparities within certain communities while doing little to protect public health and safety."

CT receives third credit rating upgrade in two days

State Treasurer Shawn Wooden said the news “makes it clear that the smart fiscal policies we’ve practiced over the past few years are working and that we must stay the course.”

Gov. Lamont recommends how to spend $6 billion-plus in American Rescue...

Lamont said that the federal funds “represent an incredible opportunity for this state to make transformative investments to emerge healthier and stronger."

Stamford affordable housing project expected to receive $1.6M in state funding

“As more and more families decide to build their future in Connecticut, it’s vital we invest in housing," Gov. Ned Lamont said.

CT receives first bond rating upgrade in over two decades

“The next step is to continue building a stable foundation for future growth and financial sustainability as we emerge from the Covid crisis," said State Treasurer Shawn Wooden.

UPDATE: CT finalizes sports betting agreement with Mohegan tribe; Mashantuckets could...

“There’s a lot of urgency,” said Department of Economic and Community Development Commissioner David Lehman. “It’s really important that we get this done this year.”

Treasurer Shawn Wooden: The Business Journal Interview

“I feel very strongly that, just because (the rainy day fund) is there, we should not deplete it. While it's raining today, we don’t know how long the rain is going to last – or when it’s going to start raining again."

Lamont updates municipalities on distribution of Covid relief funds

"I know how valuable this level of assistance is to maintaining operations for our cities and towns, and it was incumbent upon us to make the necessary changes to get these federal dollars out," said OPM Secretary Melissa McCaw.

CT revenue collections improve; State GOP wants to discuss budget now

Revenue estimates in the current fiscal year have improved by $326 million from October’s estimate, and by $875 million and $704 million in each year of the next biennium from the April forecast.

CT budget deficit forecast cut by 40% – but state hardly...

Office of Policy and Management Secretary Melissa McCaw has decreased Connecticut’s projected budget deficit by 40% – although the figure remains at $1.2 billion. Last month...

Lamont lays out deficit mitigation plan; Fasano calls it ‘dangerous and...

State statute requires that when the comptroller certifies a shortfall in the General Fund in excess of 1%, the governor musts present lawmakers with a deficit mitigation plan within one month "to modify such allotments to the extent necessary to prevent a deficit."

Boston Consulting Group rehired at $2M to conduct cost-saving study for...

The study is designed to evaluate workforce efficiency and organizational design that will prepare Connecticut for a significant number of anticipated retirements among state employees by 2022.

CT surprises by ending FY20 with surplus, but future outlook remains...

The Lamont administration is predicting a $2.1 billion deficit for FY21, which began on July 1, and a $3.5 billion deficit for fiscal 2022 and 2023.

Connecticut’s rainy day fund is helping state stay afloat – but...

Justin Theal, an officer with The Pew Charitable Trusts’ State Fiscal Health team, calls Connecticut “one of the most financially secure states going into the recession.”

State Bond Commission approves $550M to fund numerous CT projects

Meanwhile, State Comptroller Kevin Lembo is projecting the state’s General fund will close Fiscal Year 2020 – which ended on June 30 -- with an operating shortfall of $153.1 million.