COMMENTARY Block any pension bailout now to force reform

By   /  September 20, 2012  /  Connecticut  /  No Comments

By Frank Keegan | State Budget Solutions

As long as state politicians can cling to delusions of a federal bailout of their bankrupt pension funds, they’ll put off drastic reforms needed to save public workers’ retirement benefits. That is why a “No Pension Bailout” effort launched today is so important to the future of America.

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Accounting board OKs changes to pension rules for state, local governments

By   /  June 25, 2012  /  Accountability, Connecticut, Ethics, Featured, Finances, News, State Budgets, State Government, Transparency  /  No Comments

State and local governments will need to disclose unfunded pension promises alongside debt on their balance sheets beginning in 2015 after an oversight board voted unanimously Monday to change relevant accounting rules.

By Zachary Janowski | Yankee Institute for Public Policy
NORWALK, Conn.  — State and local governments will need to disclose unfunded pension promises alongside debt on their balance sheets beginning in 2015 after an oversight board voted unanimously Monday to change relevant accounting rules.
The rule change will not change how much debt governments actually have, just how [...]

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Fed funding goes to CT communists

By   /  May 31, 2012  /  Connecticut, Federal Government, Finances, News, State Budgets  /  No Comments

connecticut seal

By Zachary Janowski | Yankee Institute for Public Policy
NEW HAVEN, Conn. — The Board of Alderman voted this month to allocate $25,000 in federal funds for a nonprofit to renovate its building despite the organization’s links to the Communist Party USA.
Connecticut taxpayers will contribute an additional $300,000 if the State Bond Commission votes as expected [...]

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DSS has no records related to project with Communist ties

By   /  May 1, 2012  /  Connecticut, News  /  No Comments

Communist

By Zachary Janowski | Raising Hale

HARTFORD — The Department of Social Services has no records related to the New Haven People’s Center, despite being the agency responsible for $300,000 in proposed funding on the State Bond Commission’s agenda last week.
DSS responded to a Raising Hale request under the Freedom of Information Act by saying there are no [...]

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