A Hartford Superior Court judge has denied a request by the state to delay the start of a landmark education lawsuit that challenges the way Connecticut funds its public schools. The attorney general’s office had filed motions aimed at postponing the start of the trial until October 2015. Now, the case is set to begin later this year.
It's been two years since the in-state tuition law went into effect. It benefits students without legal status who have graduated from a Connecticut high school. The young people who fought for the in-state tuition law for undocumented students are launching a new campaign. Their new goal is to help these students access financial aid.
Total Mortgage Services has announced a deal with the state of Connecticut to expand its headquarters in Milford. The company said it will create 140 new jobs in the town, doubling its Connecticut workforce over five years.
The State Bond Commission, along with Governor Dannel Malloy, held a meeting on Thursday. One of the items was a request from the Department of Social Services for just under $6 million to provide grants-in-aid to eight social service providers. An additional request was made for $3 million toward grants-in-aid to non-profits in Stamford, Pomfret, and Branford.
It’s been one month since State Comptroller Kevin Lembo announced the expansion of Open Connecticut -- an online source for state finances -- to include financial information for Connecticut’s quasi-public agencies and federal programs.
Established in 1965, the Connecticut Health and Educational Facilities Authority has earned its title as the oldest quasi-public agency in our state. Now, it’s one of eleven quasi-public entities in Connecticut, agencies like Connecticut Innovations, Inc.; the Connecticut Development Authority; the Connecticut Lottery Corporation; and the Connecticut Resources Recovery Authority -- to name a few.
Connecticut officials are campaigning for the extension of a federal tax provision that expired at the end of last year. It's the tax relief provided for distressed families that have to sell their homes at a loss, or who go through a foreclosure.
Jury selection begins on Tuesday in the trial of Matthew Martoma, a manager for SAC Capital, who's accused of insider trading. It's the latest court action in an investigation of the Connecticut-based hedge fund that has lasted for several years.
Originally published on Mon January 6, 2014 7:13 pm
The Senate has voted to approve the nomination of Janet Yellen as the next leader of the U.S. Federal Reserve. With Monday's vote, Yellen, 67, will become the first woman to serve as America's banking chief, heading an institution that was established in 1913.
The line of people who want their money from Earl O'Garro continues to grow.
O'Garro is the man at the center of a federal grand jury investigation looking into $670,000 in missing taxpayer money. The city of Hartford paid him to pay its insurance bills, and he apparently never did.
State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.
But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.
Originally published on Tue November 19, 2013 5:38 pm
In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.
The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.
The Department of Revenue Services said it collected almost $180 million in back taxes through a two-month-long amnesty program. That's far in excess of the $35 million it set as a goal at the beginning of the amnesty.
Originally published on Mon November 18, 2013 8:45 pm
JPMorgan Chase & Co. will pay $4 billion to consumers who were hurt by faulty mortgage underwriting, part of a larger $13 billion deal to settle the bank's liability in the collapse of toxic securities during the housing crisis.
The end of an era in New Haven finally seemed like reality last week as Toni Harp won election to the mayor's office. The man she's replacing, John DeStefano, is following 20 years at the head of city government with another prominent role in New Haven. He'll become an executive at New Haven's Start Bank.
Once a federal grand jury enters the picture, every little detail counts.
Yesterday, we told you that Hartford city auditors issued their report on Treasurer Adam Cloud and Hybrid Insurance Group. Among other things, they found that Cloud and finance officials ignored standard operating procedure when they wired more than $800,000 to Hybrid's troubled CEO Earl O'Garro.
Connecticut saw a boost in home sales in September. According to the Warren Group, a Boston-based real estate data firm, 2,326 single family homes sold in the state in the month. That’s up 21.4 percent from September of 2012.
The scope of the federal grand jury investigation involving the relationship between Hartford's city treasurer and an insurance broker continues to grow, as the state has confirmed that federal prosecutors served a subpoena on two of its departments.
Connecticut’s acute-care hospitals ended the last fiscal year in slightly better financial health than in the prior year, with just five of 30 hospitals reporting losses, according to a new state report.
Data filed with the state Office of Health Care Access (OHCA) shows that six hospitals had operating losses in the 2012 fiscal year – the same number as in 2011, but fewer than in 2010. When non-operating gains and losses are included, five hospitals had negative total margins, or deficits – down from eight in 2011.