Connecticut is not alone. According to the National Association of State Budget Officers’ (NASBO) annual state spending survey, half of all states saw revenues come in lower than budgeted in fiscal 2016 and 24 states – including Connecticut – are seeing those weak revenue conditions carry into fiscal 2017.
That is the highest number of […]
“Stop with the financial games and own up to the problem.” That was the succinct comment provided to the 24-member state Spending Cap Commission by Darien resident Ken Weil at a public hearing this fall. Small business owner Justin Higgins, of Orange, added that citizens should “always know where we stand financially without loopholes and […]
For customers of the soon-to-be-history First Niagara Bank, this will be a holiday weekend of banking transition, as KeyBank becomes the new name on the door on Tuesday morning after a host of changes inside.
First Niagara branches, converting to KeyBank, will close at 3 p.m. Oct. 7 and reopen for business the morning of […]
The largest Connecticut-based public accounting firm, BlumShapiro, earned the #54 position in the nation’s top 100, according to the publication Inside Public Accounting. It is one of a handful of Connecticut firms to make the annual top 300 list, in addition to regional firms with offices in Connecticut.
BlumShapiro is the largest regional business advisory […]
“Data reveal that an increasing number of women are choosing entrepreneurship as a career path, and of those, a growing number of them share aspirations for growth.” That fact, pointed out in the preface of a new book co-written by a local university professor, is the proverbial tip of the iceberg.
According to the U.S. […]
An analysis on the cost of student loans and home-buying nationwide finds that it takes graduates with the average student loan debt of $28,950 about 5 years longer to save a 20 percent home down payment. Thereafter, these graduates have almost $50,000 less in home equity 15 years after graduation compared to debt-free graduates, according […]
Adding a teen driver to the family automobile insurance policy drives up rates. That’s true everywhere across the United States, and in Connecticut the increase is among the highest in the nation, almost doubling the policy’s premium.
A new survey reveals that the average premium increase in Connecticut when adding a teen driver to an existing […]
A recent study estimates that the combined value of all land in the contiguous United States is worth nearly $23 trillion. The most valuable state, according to the survey, is California, which accounted for 17 percent of the total value of the 48 bordering states. New Jersey, however, had the most valuable real estate relative […]
After 43 years, the ironically-named Permanent Commission on the Status of Women began the organization’s final newsletter with an ironic observation: “the PCSW had its most successful legislative session ever, celebrating the passage of four bills instrumental in protecting women’s health and safety.”
The PCSW is one of six legislative commissions eliminated in a last-minute […]
The State of Missouri raised a red flag today, waving it directly into the headwind that is the pending merger between health care giants Aetna and Humana. Missouri’s action came just as a public poll was released in Connecticut by consumer advocates opposing the merger which indicated a general lack of public awareness about the […]
Connecticut is ranked second in the nation in the number of millionaires per capita. Only Maryland has more. But with Connecticut’s precarious financial situation amidst what has been described as a “new economic reality,” any drop in the plethora of extremely wealthy residents can almost instantly have far-reaching consequences, officials say.
In Connecticut, as well […]
A local theater helping to re-energize downtown Fairfield and a New London developer and property manager who took it upon himself to improve a neighborhood by offering attractive housing that is also affordable are just two of the initiatives being recognized with a 2016 Award of Excellence from the Connecticut Main Street Center (CMSC).
Connecticut is one of five states providing state residents with the most comprehensive online access to government spending data, according to an analysis by the U.S. Public Interest Research Group (USPIRG).
Nationwide, government spending transparency is improving, but many states still lag far behind, according to “Following the Money 2016: How the 50 States Rate […]
In an analysis highlighted by the Connecticut Institute for the 21st Century, well-known economist Don Klepper-Smith, in a newsletter to clients of economic forecasting consultancy DataCore Partners, is voicing concerns about Connecticut’s economic prospects, short and long-term. His views come as the legislature grapples with approximately a billion dollars in projected deficit, and the Institute […]
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