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Saturday, apr 27
Tag:
Economic growth
Business
Here's How Much, When Minimum Wage Will Increase In CT
While some neighboring states will see a rise in their minimum wage to begin the new year, Connecticut employees will have to wait a few months as it works toward Gov. Ned Lamont’s goal of $15 hourly by 2023. New York and Massachusetts both will see their minimum wage rise as of Jan. 1, 2022, but Connecticut employees will have to wait until July to see their pay hike reflected on their paychecks. On July 1, 2022, minimum wage in Connecticut will be going up a dollar, from $13 to $14 hourly, the fourth straight year that the state saw an increase as it looks to get to $15 hourly by June 202…
News
Connecticut's Minimum Wage To Take Effect In Days
Connecticut's minimum wage is set to increase to $13 soon, as the state progresses toward a $15 minimum wage. Beginning Sunday, Aug. 1, the minimum wage will increase from $12 per hour to $13 per hour. The legislation was signed into law by Gov. Ned Lamont in 2019, requiring scheduled increases over a five-year period until the minimum wage will ultimately increase to $15 on June 1 of 2023. “Nobody working a full-time job should live in poverty,” Lamont said. “For too long, while the nation’s economy grew, the income of the lowest-earning workers has stayed flat, making already…
Lifestyle
Time Is Money: Here's How Much Traffic Congestion Costs NYC Commuters
The daily congestion that commuters deal with each day is costing New York City billions of dollars, according to a new study. INRIX, Inc. a transportation analytics service published it’s latest Global Traffic Scorecard that identified and ranked congestion and mobility trends in more than 900 cities, across 43 countries. That study found that New York City commuters ranked fourth overall - down from second last year - nationwide in losing an average of 140 hours in congestion. The cost each driver incurs while being stuck in traffic is an average of $2,072 annually, and the total cost to …
News
$12 Minimum Wage Starts Today, Sept. 1; More Increases Planned
Today is the first day of a $12 per hour minimum wage in Connecticut. Just yesterday, the minimum wage in Connecticut was $11 per hour. The hike is part of a law passed last year to raise the minimum wage over the next several years. “Nobody working a full-time job should live in poverty,” said Governor Ned Lamont. “For too long, while the nation’s economy grew the income of the lowest-earning workers has stayed flat.” The minimum wage law - “Public Act 19-4” - was passed in May 2019. There are three more increases planned: - $13 per hour starting Aug. 1, 2021 - $14 per hour starting …
Politics
CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams
As promised by Gov. Ned Lamont, Connecticut's $43 billion budget is on time and balanced. That wasn't enough good news for 14 Senate Republicans and two Democrats who voted against it on Tuesday night, June 4. By a 20-16 vote, the Senate passed a two-year budget that Republicans complained is full of new taxes and shifts billions of dollars in pension debt onto the next generation of taxpayers. The budget erases a $3 billion deficit that Lamont inherited when he became governor in January. Lamont got the support of legislators in making new investments in health care and boostin…
Business
IBM Investing $2 Billion In New York For Artificial Intelligence Research
IBM is making a big investment in its future in New York. The Westchester-based company announced that it will be teaming with SUNY Polytechnic Institute to create a new “hardware lab” in Albany as part of a $2 billion pledge by the company to spread its footprint in New York. The AI Hardware Center at SUNY Poly will be established for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation. Once established, officials said “the AI Hardware Center will be the nucleus of a new ecosystem of research and commercial partners, and further solidify…
Lifestyle
Most On Record: Here's What Percentage Of Americans Will Travel This Holiday Season
Planning on traveling for the holidays? You won’t be alone. Fresh on the heels of one of the busiest Thanksgiving travel seasons, Americans getting ready to go on the move for the Christmas and New Year holidays. AAA estimates that a record-breaking 112.5 million travelers - more than a third of all Americans - are expected to visit family and friends for the holiday. “’Tis the season for holiday travel, and more Americans than ever will journey to spend time with friends and family or choose to take a vacation,” Bryan Shilling, managing director of AAA Travel products and services stated. …
Politics
Parting Plan? Malloy Offers Lamont Insights On Multi-Billion-Dollar State Deficit
During the gubernatorial debates, Democrat Ned Lamont said his first order of business would be to craft a fiscally-responsible state budget within 90 days. The clock is ticking, and outgoing governor Dannel P. Malloy offered the governor-elect some tips. Malloy suggested some strategies to avert a multi-billion-dollar deficit that Connecticut could face over the next two years — if solutions remain elusive. Malloy suggested that Lamont, a Democrat from Greenwich, tap into state reserves to avoid tax hikes. Other deficit-trimming options Malloy cited in his transition budget include: …
Politics
Stephen Meskers' Historic House Win In Greenwich Among Most Noteworthy Results Statewide
A 60-year-old newcomer to state politics marked a first for Connecticut on Election Day. On Nov. 6, Stephen Meskers became the first Democrat to win the 150th District House seat since 1912. In last week's election, Meskers edged Republican Rep. Michael Bocchino in a legislative district that represents much of Greenwich. He brings public fiscal experience to his new statehouse job after active membership for 14 years as a town representative in Greenwich, serving as vice chair of the RTM's Education Committee. What makes Meskers victory even more noteworthy is that the 150th District…
News
New I-95 Widening Plan Introduced
Gov. Dannel P. Malloy on Thursday released another plan to widen I-95 to relieve Fairfield County congestion and issued a plea to lawmakers to adopt new funding sources to pay for it. Malloy joined Connecticut Department of Transportation Commissioner James P. Redeker in releasing a study on the impact of widening and improving both the western and eastern portions of Interstate 95 in Connecticut, and outlined the consequences of failing to act. Currently, peak morning and evening congestion on the highway accounts for 54 million hours of delay and costs $1.2 billion in lost time annually. …
News
Connecticut Resurfaced 260 Two-Lane Miles Of Roadways For $69M
Do the highways seems in better shape? The Connecticut Department of Transportation resurfaced a total of 260 two-lane miles of roadways this construction season, Gov. Dannel P. Malloy announced. Aboutt 55 two-lane miles of that amount was completed under CTDOT’s Pavement Preservation Program, which includes crack filling, surface patching, drainage repairs, and other rehabilitation work to extend the life of existing roadways. CTDOT is responsible for the maintenance of more than 4,100 miles of roads and highways throughout Connecticut and typically resurfaces around 250 to 300 miles annu…
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