Connecticut

Connecticut's pension commission OK'd a deal between Gov. Dannel Malloy and a bargaining coalition that lowered the state pension system's assumed rate of return from 8% to 6.9%.

Deficit-plagued Connecticut is being asked for $250 million to fix up Hartford’s money-losing, four-decade old downtown arena.

The Connecticut Housing Finance Authority received an A-minus from national environmental organization Global Green USA for its energy efficiency.

The state treasurers of Connecticut and Illinois cautiously praised Wells Fargo after the scandal-ridden bank's board of directors on Dec. 1 amended its bylaws to require and independent board chairman.

In the latest capital markets hit to Connecticut, S&P Global Ratings revised its outlook on the state to negative from stable.

Connecticut and Illinois state treasurers, in partnership with shareholder activists, called for a change in Wells Fargo’s corporate bylaws to ensure an independent non-executive board chair.

Connecticut's Bond Commission provided a controversial $35 million package to Greenwich hedge fund AQR Capital Management.

A revised outlook for Bridgeport, Conn., from negative to stable from Fitch Ratings reflects strong management, said a spokesman for Mayor Joseph Ganim.

Connecticut's State Bond Commission is expected to approve $30 million for microgrid projects intended for weather resiliency.

Connecticut's heavy reliance on the property tax to fund pre-K through 12 public education causes spending inequities, said the Connecticut Conference of Municipalities.

Bridgeport Mayor Joe Ganim joined Connecticut Comptroller Kevin Lembo to unveil an online portal that contains real-time city financial information.

Luke Bronin ran for Hartford mayor because he didn’t like what he saw in Connecticut’s capital city. What he found in office was even worse, but Bronin says he can turn the city around with state and regional help.

Bonds that funded the stalled minor-league baseball stadium in Hartford, Conn., could appeal to investors with appetite for risk, said Richard Larkin of Stoever Glass.

The second bond-rating upgrade in 10 months for New Britain, Conn., is further proof the city is moving in the right direction, said Mayor Erin Stewart.

Construction resumed on a minor-league baseball stadium in Hartford, Conn., after city officials finalized an agreement for surety provider Arch Insurance to finish the project.

State budget troubles provided the backdrop as Connecticut sold $650 million in general obligation bonds and GO green bonds.

Laurie Martin is deputy chief investment officer for Connecticut’s $30 billion Connecticut Retirement Plans and Trust Funds, state Treasurer Denise Nappier announced.

Hartford, Conn., Mayor Luke Bronin called his city's four-notch downgrade to junk by Moody's "a sober assessment" of the city's fiscal state.

A House Democrat from Connecticut wants to use federal funds to construct a proposed $10 billion system of interstate highway tunnels in Hartford, Conn., that the state highway department deemed too expensive.

A school funding case adds another layer of financial uncertainty for the beleaguered state government.