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State Employee Unions Accept $1.6 Billion Concession Package
Connecticut’s budget crisis is finally over. Just days ago thousands of state union workers approved the negotiated concession package that will save taxpayers $1.6 billion over two years, and billions more over the next decade.
Connecticut families—many of whom are struggling to make ends meet—are already doing their part to close the deficit. The acceptance of concessions—including a pay freeze and increased co-pays for health care and pension benefits—is an acknowledgment by state employees that these difficult economic times call for shared sacrifice.
The approval of the concessions package means that the last piece of Connecticut’s budget puzzle is in place. However, without sustained job growth, the balanced budget could be short-lived. That’s why it’s critical that the General Assembly and Governor continue to work together on legislation that will strengthen our economy and help create high-quality jobs for Connecticut families.
For more details, read what what Governor Malloy had to say about the agreement.
Save Money When You Shop, Tax Free Week Starts on Sunday!
Connecticut’s sales tax holiday is August 21-27, 2011. During the week, the following items will not be subject to state sales tax:
For more information, visit the Department of Revenue Services Web site.
Helping Consumers and Businesses Save Money on Electric Bills
Chances are you’ve been spending more money than you’d prefer on running air conditioners and fans this summer. I understand electric costs can be a burden, that’s why I helped to lead passage of energy reform legislation that will lower costs—and help create jobs.
I joined Senator Toni Harp; Rep. Lonnie Reed (D-Branford), Vice Chair of the General Assembly’s Energy Committee; Rep. Pat Dillon (D-New Haven), and representatives from C. Cowles & Company, the Greater New Haven Chamber of Commerce and the New Haven Manufacturers Association at a news conference recently to detail the benefits of the new legislation.
In summary, we prevented a 5-percent electric bill hike from taking place and then approved a sweeping energy reform bill. For more information on the bill’s many provisions, click here. Specific highlights for businesses include: