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Budget Deficit

Schools
CT Colleges Face Large Cuts To Services, Price Hikes As Funding Disappears CT Colleges Face Large Cuts To Services, Price Hikes As Funding Disappears
CT Colleges Face Large Cuts To Services, Price Hikes As Funding Disappears Colleges and regional universities across Connecticut are expecting a $140 million deficit next year now that pandemic-era funds are drying up, the CT Mirror reports. The Board of Regents of Higher Education, an organization that oversees that state's 12 community colleges, state universities, and the online Charter Oak College, said the cuts by state lawmakers tightening their budgets along with the loss of federal funding is equal to 11 percent of the entire state system budget, the outlet said. The University of Connecticut in Storrs and its satellite campuses are planning for a $70 mill…

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by Kathy Reakes
News
COVID-19 Crisis Could Cost Connecticut Billions, Lamont Says COVID-19 Crisis Could Cost Connecticut Billions, Lamont Says
Covid-19 Crisis Could Cost Connecticut Billions, Lamont Says The novel coronavirus (COVID-19) outbreak could wind up costing Connecticut billions of dollars and wiping out the state’s rainy day fund. Calling the numbers “sobering,” Connecticut Gov. Ned Lamont previously said that Connecticut will end the fiscal year with a $1 billion budget shortfall, with the number potentially doubling over the next cycle, which begins in July. Budget numbers released by the Office of Fiscal Analysis show Connecticut’s budget deficit this year grew to over $1 billion, an increase of more than $687 million over the previous estimate. Sales tax revenue dro…

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by Zak Failla
Politics
CT Residents Weigh In On Lamont Job Approval In Brand-New Poll CT Residents Weigh In On Lamont Job Approval In Brand-New Poll
CT Residents Weigh In On Lamont Job Approval In Brand-New Poll Connecticut Gov. Ned Lamont’s disapproval rating has hit 40 percent, according to a newly released poll from Sacred Heart University’s Institute for Public Policy. According to the poll, two-fifths of Connecticut residents “disapprove” of the way Ned Lamont is performing as governor, including 64.1 percent of Republicans and 47.8 percent of unaffiliated voters. Lamont has a 24.1 percent disapproval rating among Democrats that were polled. The poll found that the highest percentage of residents “approve” the way the governor is handling healthcare at 29.6 percent, while the lowest number of …

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by Zak Failla
Politics
GOP Governor Hopefuls Debate Achievement Gap in New Canaan GOP Governor Hopefuls Debate Achievement Gap in New Canaan
GOP Governor Hopefuls Debate Achievement Gap in New Canaan Nine Republican candidates for governor of Connecticut debated on the stage in New Canaan's Saxe Middle School Wednesday night for the fifth and final time.  The candidates were mostly cordial, reserving their fire for Gov. Dannel Malloy and the Democratic party, upon whom they placed most of the blame for the issues facing our state.  Topics included transportation and infrastructure, the budget deficit, pensions, gun rights and for the first time, the education and achievement gap between our richest and poorest cities. "We've got to find a way to fix, in our cities, the fact that ou…

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by Ted Yang