One in five Connecticut households is unbanked or underbanked, according to data compiled by the Federal Deposit Insurance Corporation, and the percentage of residents unbanked – those that do not have an account at an insured institution – has climbed in the state over the past six years.
The percentage of Connecticut households considered unbanked […]
State Comptroller Kevin Lembo, after what was described as “exhaustive research and consultation with representatives across all sectors of the health care industry,” has developed a five-point plan to address “skyrocketing pharmaceutical drug costs.”
Lembo’s proposed legislation, which is to be considered by legislators in the five-month session that began earlier this month, aims to […]
Connecticut’s local municipal workforce has been shrinking for the past decade, and had been reduced 7.4 percent by 2015 when compared with the peak employment year of 2005, according to a new analysis by Governing magazine. The drop in local government employment is the 10th largest in the country by percentage of workforce, when peak […]
The financial cost of smoking in Connecticut is higher than just about anywhere in the United States. The total cost over a lifetime per smoker is $2,183,204, the third highest in the nation, and the annual cost per year per smoker of $42,808, is also third highest in the nation, just behind New York and […]
In an article headlined “Bad Budget News? Some States Just Bury It.” Connecticut is one of two states selected as a poster child for what a national publication describes as “hindering transparency.”
The Connecticut policy that brought the unwelcome attention was put in place last year. As Governing explains:
“Connecticut ended its practice of […]
A look at the nation’s 50 largest metropolitan areas to see how entrepreneurs have fared in their quests to secure money from venture capitalists, angel investors, and online crowds brought a somewhat surprising result – among the cities mentioned as ranking high in venture funding success rates was Hartford. Connecticut’s Capitol was listed among a […]
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 […]
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- Senior Deaths from Falls Climbs Nationally, in Connecticut, During Past Decade
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- Another Federal Agency Says School Buses Should Have Lap/Shoulder Belts; Most States, Including CT, Don't
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