UPDATE: Is another Connecticut State Employee Early Retirement Incentive coming? - Wait, What?

Is another Connecticut State Employee Early Retirement Incentive coming? - Wait, What?:

Is another Connecticut State Employee Early Retirement Incentive coming?

by jonpelto

Crew Member:  Captain, we’re taking on water.  A number of the compartments on the right are filling up and we’re quickly listing to the starboard side.

Captain:  Tell the crew to go down and punch holes in the left side of the ship!

Crew member:  But Captain, that means we’ll sink for sure.

Captain:  True but at least we won’t be listing to the Starboard side when we do.

And thus we have the problem facing Governor Malloy and his Administration when it comes to the value of implementing another early retirement program.

Although Connecticut is only five months into its fiscal year, the state government is 

News Flash: Next Year’s Connecticut Budget Deficit? Yeah, B – as in Billion….

by jonpelto

Categories: Ben Barnes (OPM Secretary) Budget Cuts Malloy State Budget State Legislature Taxes Tags: Budget cutsMalloyState BudgetTaxes CTMirror is reporting that Governor Malloy and Connecticut state government will face a projected budget deficit or revenue shortfall of $1.1 billion next year. Later today, Malloy’s budget office and the General Assembly’s Office of Fiscal Analysis will be submitting their mandated annual fiscal projects about revenue and spending. The Malloy Administration’s $60 million projected [...] (Read more...)