Conn. Rainy Day Fund
7:43 pm
Thu January 15, 2015

Lembo: Conn. Should Change The Way It Saves For A Rainy Day

Conn. Comptroller Kevin Lembo.
Credit Conn. Comptroller's Office

Connecticut Comptroller Kevin Lembo wants the state to change the way it puts away money for a rainy day.

Much of Connecticut’s rainy day fund depends of a volatile source – the sometimes higher than expected revenues generated by corporations and the state’s wealthiest residents, who make money on Wall Street, and file quarterly returns, Lembo said.

"Historically, the way we make a deposit into the rainy day fund is we wait until the end of the year and we see what’s left and then, maybe, most, or all of it gets deposited into the rainy day fund,” said Lembo.

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6:23 pm
Wed January 14, 2015

NY Officals Approve Islip's Clean Up Plan

The New York State Department of Environmental Conservation has approved the town of Islip's plan to clean up 50,000 tons of toxic debris that was illegally dumped in Roberto Clemente Park in Islip last year. It was laced with asbestos, pesticides, and other toxic material.

The Long Island town's plan to clean up the park requires digging up and removing all the debris and then sampling the soil at the end to confirm the contaminants have been removed. The town will also install wells to monitor groundwater. 

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6:14 pm
Wed January 14, 2015

Cuomo Introduces Property Tax Credit Plan

New York Gov. Andrew Cuomo speaks to reporters about a property tax credit proposal after a speech, Wednesday, Jan. 14, 2015, at Hofstra University, in Hempstead, N.Y. Cuomo said cutting property taxes will be a top priority during his second term.
Credit AP Photo/Frank Eltman

Calling it the "major problem facing the state," Governor Cuomo announced a plan to reduce New York’s  highest in the nation rate of property taxes for some homeowners. But the program was not received with open arms by everyone.

Under Cuomo’s proposal, homeowners who pay 6 percent or more of their annual paychecks in taxes, will get a credit on their tax bills. Renters will also receive an equivalent credit.

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2:00 pm
Wed January 14, 2015

Conn. Regulators: Electric Bills Need To Be Redesigned

The Public Utility Regulatory Authority has issued a draft decision to redesign electric bills so that customers can easily see the rate they are being charged.

PURA is responding to legislation passed last year after thousands of customers complained that they were taken advantage of by third-party electricity suppliers, who offered variable rates.

The first page of the redesigned bills would have both the third-party supplier’s rate and the standard rate offered by Connecticut Light & Power and United Illuminating.

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8:27 am
Wed January 14, 2015

Women's Rights Bills Stalled for Third Year in Albany

The New York state Senate convenes on the opening day of the 2015 legislative session at the Capitol on Wednesday, Jan. 7, 2015, in Albany, N.Y. The Republican-controlled Senate has approved eight bills intended to ensure women's rights in the workplace and housing but excluded a ninth measure to codify abortion rights that the Democrat-controlled Assembly supports.
Credit AP Photo/Mike Groll

Women’s rights bills were once again debated in the legislature, but ended in a political stalemate, with none of the provisions coming any closer to passage by both houses.

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