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State finances
10:14 am
Fri November 1, 2013

Conn. completes major bond sales

The Connecticut State Capitol building (file photo)
Credit AP Photo/Jessica Hill

Connecticut Treasurer Denise Nappier announced on Thursday that the first sale of $560.4 million is going to cost the state 3.01% in interest  and it will have 15 years to pay it back. Nappier says the second wave of $314.3 million has a shorter maturity and will cost the state .5%  in interest. 

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How the sausage is made
8:57 am
Fri November 1, 2013

Budgeting in secret has few critics, even some respect

Islip Republican Tom Cilmi is one of the few critics of Suffolk's budget process which he calls secretive.
Credit Charles Lane

For the last several weeks Suffolk County lawmakers have been negotiating next year's budget.  The $2.8 billion spending package is expected to be unveiled Friday afternoon.  While there has been a quiet increase in criticism about how lawmakers get the budget done most still defend it.  

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Liquified Natural Gas
8:55 am
Fri November 1, 2013

Public hearing on LNG storage in NY turns into shouting match

Opponents of hydraulic fracturing for natural gas rally before a public hearing at the New York State Department of Environmental Conservation on Wednesday, Oct. 30, 2013, in Albany, N.Y. A coalition of groups dedicated to keeping New York state’s 5-year-old ban on fracking in place is demanding that the DEC withdraw its proposed regulations for new liquefied natural gas facilities, citing safety concerns and other issues.
Credit AP/Mike Groll

A public hearing on Wednesday over proposed regulations for the storage of Liquefied Natural Gas in New York State turned into a three-hour shouting match between supporters and opponents of the legislation. Click here to see New York's proposed Liquefied Natural Gas Facilities regulations.

  

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SNAP benefits reduced
6:15 pm
Thu October 31, 2013

People who rely on federal food help getting less now

People who get assistance from the federal food stamp program will see a reduction in their monthly benefit starting Friday.

As part of the federal stimulus program in 2009, more money was provided for the Supplemental Nutrition Assistance Program – or SNAP benefits. That increase expires on November 1. The size of the reduction will vary based on the income, number of family members, and expenses of each household, but for a family of three, it’s expected to be a cut of about 30 dollars a month.

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Economy
12:18 pm
Thu October 31, 2013

Stamford's "Hole in the ground" buyer plans hotel, apartments

A view of the 4.3-acre parcel purchased by developer Tom Rich and partners to develop a $100 million mixed-use project in downtown Stamford.
Credit Kaomi Goetz

Stamford Mayor Mike Pavia announced Thursday that there are finally plans to develop a downtown plot called Parcel 38, or as it’s locally known, “the hole in the ground.” He says the $100 million development fits Stamford’s future. 

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