Report: ‘Guardrails’ send big money to pensions; program funds lag

CT Mirror – Wednesday, December 11, 2024
By Keith M. Phaneuf

Even though its finances have stabilized, Connecticut’s “fiscal guardrails” have evolved beyond their stated purpose, channeling billions to cover pension debt in recent years while spending on core programs lags that of most states of comparable wealth, according to a new report to be released Wednesday from the Connecticut Project and researchers at Yale University.

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