Connecticut

Connecticut's pension funds generated a preliminary investment return net of expenses of 11.5% for fiscal 2013, Treasurer Denise Nappier said.

Connecticut's Bond Commission on Friday approved more than $537 million in state funds to finance transportation construction and maintenance projects.

Connecticut Gov. Dannel Malloy announced $18 million in funding through a microgrid storm-protection pilot program designed to keep critical buildings powered during electric grid outages.

Gov. Dannel Malloy appointed Michael Cantor of Cantor Colburn to serve as chairman of Connecticut Innovations, a high-tech oriented quasi-public agency.

Connecticut leaders mourned the death of Donald Irwin, 86, who served two terms in Congress and a two-year term as state treasurer.

The University of Connecticut this week will sell $225 million GO new money and refunding bonds, to fund work on its health center and other campuses.

Fitch revised its outlook on Connecticut's GO bonds to negative, but state budget director Ben Barnes does not expect the change to push up borrowing costs.

Three new advanced manufacturing centers at community colleges across Connecticut will receive $7.3 million for facility and equipment upgrades that the state's Bond Commission approved.

A New Haven official acknowledged the need to plug a budget deficit after Moody's issued the Connecticut city its second downgrade in two months.

Connecticut's $37.6 billion budget is en route to Gov. Dannel Malloy after the state Senate on Monday night approved the biennial spending plan by a 19-17 vote.

Connecticut's Senate was to debate a proposed two-year $37.5 billion budget after bleary-eyed House members approved its plan right before sunrise on Sunday.

Standard & Poor's raised its long-term rating and underlying rating on Preston, Conn.'s general obligation bonds to AA-minus from A-plus.

The Connecticut legislature's Finance, Revenue, and Bonding Committee tabled a bill that would have established a $500 tax credit for the individual purchase of long-term care insurance.

Connecticut Treasurer Denise Nappier received a public service award from the Municipal Forum of New York at a ceremony that also honored Frank Chin of Citi, Mark Muller and Austin Koenen.

The Connecticut Bond Commission earmarked $11.7 million for two Department of Transportation projects at the Stamford train station and in four other communities.

Fitch Ratings downgraded New Haven's general obligation bonds to A, citing weakened financial flexibility, above average debt and high future retiree costs.

The Department of Economic and Community Development awarded $10.6 million in loans and grants to remediate nine brownfields throughout Connecticut.

Fitch Ratings downgraded the general obligation bonds of Hamden, Conn., to BBB-plus from A-minus, affecting about $78.5 million of debt.

Gov. Dannel Malloy, pursuant to a state statute, approved $95 million in bond funding for Connecticut State University System 2020 projects during fiscal 2014.

An improvement in revenue is shrinking the projected deficit and improving the outlook for the end of fiscal 2013, according to Connecticut Comptroller Kevin Lembo.