10:52 pm
Mon February 9, 2015

Connecticut To Super-Rich Residents: Please Don't Leave Us

If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.

In a state home to some of the richest Americans, tax officials go to some lengths to keep them — or, more accurately, keep the billions of dollars in revenue their income taxes generate.

Connecticut tax officials track quarterly estimated payments of 100 high net-worth taxpayers and can tell when payments are down. Of that number, about a half-dozen taxpayers have an effect on revenue that's noticed in the legislature and Department of Revenue Services.

Read more
5:56 pm
Tue January 27, 2015

Winter Storm Brings Highest Snowfall In The Region To Eastern Conn., Eastern LI

Residents of Central Islip, N.Y. clear snow from their street, Tuesday, Jan. 27, 2015. A storm packing blizzard conditions spun up the East Coast early Tuesday, pounding coastal eastern Long Island into Maine with high winds and heavy snow.
Credit AP Photo/Mary Altaffer

The winter storm that hit the region brought more than two feet of snow to the East End of Long Island and parts of Southeastern Connecticut.

New York officials say storm cleanup equipment is being moved to Eastern Long Island, where it's needed most.

Gov. Andrew Cuomo said Tuesday that about 500 pieces of equipment, including plows, dump trunks, and front end loaders were on their way to Suffolk County from New York City and the mid-Hudson Valley.

Suffolk County Executive Steve Bellone said Tuesday it will take a few days to get all that snow cleared out.

Read more
10:07 pm
Mon December 8, 2014

Small Conn. Town Has Big Plans For Development Along Thames

Preston Riverwalk site along the Thames River.
Credit Rhonda Miller

Nearly 400 acres of prime real estate along the Thames River in Preston, Connecticut, was once the site of Norwich State Hospital,  which closed in 1996. Since then, the property has attracted several proposals for development.  None of them have worked out.

Five years ago, the little town of Preston took a big leap and bought the property, that's now envisioned as Preston Riverwalk.

Bulldozers and scrap sorting machines are working on the rubble of one of 57 structures being demolished on the Preston Riverwalk site.

Read more
new rules crack down on aggressive debt collectors
4:00 pm
Wed December 3, 2014

Debt Collectors Praise New Regulation In NY

New York finalized new debt collection regulations on Wednesday, making them some of the most debtor-friendly in the country.

The state Department of Financial Services wrote and revised the new regulations with the help of both consumer advocates and debt collectors, pleasing both constituencies.

Read more
Regulators press payment network
6:39 pm
Thu November 13, 2014

Banks Agree To Block Payday Lenders

Four additional banks have agreed to block online payday lenders from accessing customer accounts in New York. The agreement comes as the banks' processing network remains silent on efforts to keep the illegal loans from crossing state borders.

Payday lending is generally illegal in New York and Connecticut because the loans, which can be as high as 500 percent, exceed both states' cap on allowable interest.

However, investigators in New York have received complaints that payday lenders are making these loans online.

Read more