Connecticut plans to eliminate 6,560 positions to fill a $1.6 billion budget gap and bring its two-year, $40.5 billion budget into balance, Gov. Dannel Malloy announced.
The number the Democratic governor sent to the legislature on Friday includes layoffs, retirements and unfilled vacancies. Malloy had originally proposed cutting 7,675 positions.
The governor and state employee unions could not agree on concessions and other savings, triggering the shortfall and the layoffs.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
