Connecticut

StepStone is the new consultant for the $30 billion Connecticut Retirement Plans and Trust Funds’ private investment fund, state Treasurer Denise Nappier said.

Connecticut's legislature after midnight approved a revised $40 billion biennial budget that rolled back some of the business taxes to which major corporations within the state had objected.

The Connecticut treasurer’s office for the 15th straight year has received a Treasury Certificates of Achievement for Excellence from the Government Finance Officers Association.

Connecticut lawmakers will convene this month to debate Gov. Dannel Malloy’s proposed business tax reductions, which he announced after pushback from major corporations.

Budget friction lingers in Connecticut, where fallout includes threats by GE and Aetna to relocate over business tax hikes.

Connecticut's lawmakers, like students cramming for final exams, approved a two-year, $40.3 billion budget at 11:30 p.m. and on the heels of an all-nighter.

Connecticut's full legislature is set to vote on a $40 billion biennial budget after lawmakers struck a tentative deal with Gov. Dannel Malloy over the weekend.

Connecticut completed $881 million in general obligation bond sales in May including a $181 million refinancing, said Treasurer Denise Nappier.

Lee Ann Palladino, chief investment officer of the $30 billion Connecticut Retirement Plans and Trust Funds since 2011, will retire July 1.

Connecticut Treasurer Denise Nappier announced a $145 million state-focused investment program designed to generate returns for public pension plans.

Connecticut’s Bond Commission on May 8 approved $9 million to assist the Steelepointe Harbor waterfront development project in Bridgeport.

As construction crews work on a $56 million minor-league baseball stadium north of downtown Hartford, Conn., state lawmakers joust over its financing.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

The design for a new Walk Railroad Bridge in Norwalk remains on schedule, said Connecticut Gov. Dannel Malloy and state transportation Commissioner James Redeker.

Connecticut Gov. Dannel Malloy continued his push for a 30-year, $100 billion transportation infrastructure spending package.

Connecticut Treasurer Denise Nappier urged lawmakers to pass a bill to use premiums on general obligation bonds to fund previously authorized capital projects.

Connecticut's projected general fund deficit is $121.2 million, nearly $12 million better than last month, said budget director Benjamin Barnes.

Connecticut intends to issue its first all-green bond sale next week, $250 million to finance wastewater and drinking water infrastructure projects statewide.

Nine large public pension funds, including those from New York and Connecticut, have asked the SEC to strengthen the disclosure of corporate board diversity.

Connecticut's estimated general fund deficit for fiscal 2015 has spiked to $172.8 million and leaders should act on it now, said state Comptroller Kevin Lembo.