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54°
Friday, nov 8
Tag:
CT Mirror
Schools
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…
Politics
New Report Reveals How CT Politicians Keep Unclaimed Money From Public
Billions of dollars in uncashed checks, forgotten insurance policies, and forgotten investments are being swept up by politicians in Connecticut, according to a new report from the CT Mirror. Between 2000 and 2021, the Connecticut Treasurer’s office reportedly colleges more than $2.3 billion through a state program that was initially created to return the unclaimed property and cash to investors. However, less than 40 percent of that money makes it back to its owners, according to the report, while the majority of the unclaimed cash has been going into the state’s general fund, making it e…