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CT to pay down pension debt by $1.6 billion

It's the second year in a row – and just the second time in history – that excess money in the state’s Budget Reserve Fund will be used to pay down the pension debt.

State prepares to launch co-investment program with Morgan Stanley, HarbourVest

The Connecticut State Retirement and Trust Funds (CRPTF) is looking to initially invest $75 million to $100 million within real estate and $50 million to $75 million within infrastructure and natural resources annually.

New chief investment officer for CT’s $40B pension fund

Most recently, Ted Wright was a principal investment officer and head of global equity at the $70 billion Los Angeles County Employees Retirement Association.

How strong is CT’s economy? It depends upon whom you ask

"It’s important to assess and measure the state’s economic strength by reviewing its progress over the long-term," insists Connecticut Treasurer Shawn Wooden.

CT will use $1.2 billion to further pay down pension debt

State Treasurer Shawn Wooden said that Connecticut is on track to end fiscal year 2021 with a $157 million surplus, as well as a historically high rainy day fund balance of nearly $4.38 billion.

CT Baby Bonds program, designed to narrow state’s wealth gap, goes...

“Connecticut is ground zero for wealth and income inequality,” said State Treasurer Shawn Wooden, the driving force behind the initiative.

State Treasurer Wooden: CT on ‘right track’ fiscally, but racial inequality...

Generational poverty in Connecticut continues “irrespective of race or ZIP code," Shawn Wooden says.

‘Baby bonds’ measure, to aid children born into poverty, awaits Lamont’s...

As of July 1, any child whose birth is covered by HUSKY Health Medicare would receive a $3,200 savings account held by the state.

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.”

Nursing home strike likely averted with tentative four-year agreement

Most nursing home employees will see an increase in their wages to at least $20 per hour.

State Rep. Fiorello calls for more transparency from ‘the ruling party’

"They could be really valid ideas," Fiorello said of Democratic proposals, "(but) do they have to be mandates?”

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.

Gov. Lamont’s State of the State address: ‘I have never been...

This year, the governor said, “We will continue to emphasize our best-in-the-nation public schools and workforce development, making sure every child, regardless of zip code, race, color, or creed, has the best opportunity at the starting line of life.”

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."

CT treasurer warns against GOP’s transportation plan as debate over tolls...

Treasurer Shawn Wooden says that the Republicans' proposal "especially in the event of a possible future recession, creates serious liquidity, market and credit risks for the state.”