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CT News Junkie: Wyman Breaks Tie In Favor of $1.57B Labor Deal
The $1.57 billion labor agreement passed the Senate Monday evening when Lt. Gov. Nancy Wyman broke a party line tie vote. Debate on the labor agreement started around 2:25 p.m. after three Democratic Senators conveyed a list of a dozen...
Member Mike Maksymiw writes Leadership Development Will Allow you to Take Control of Your Professional Future for AICPA's The Practicing CPA
When I first joined Filomeno & Company, I was at a point in my career where I was looking for something more. I thought to myself, “You have a lot of time left in the profession. Would you rather spend your career being told what to do, or take...
AICPA Issues New Auditing Standard for Auditor Responsibilities Regarding Exempt Securities
Auditors involved with exempt offering documents will benefit from the clarity that a new auditing standard issued by the American Institute of CPAs (AICPA) provides. Statement of Auditing Standards (SAS) No. 133 will guide auditors with respect...
IRS Don’t Take the Bait, Step 3: Security Summit Safeguards Help Protect Individuals; Renew Focus on Curbing Data Breaches and Business Identity Theft
The IRS, state tax agencies and the tax industry have made significant progress in the past two years against tax-related identity theft aimed at individuals but warned business identity theft is on the upswing. Some of the increase in business...
CT Mirror: House Approves Union Concessions Deal
The House of Representatives on Monday narrowly approved the state employees’ concessions deal that is expected to save as much as $1.57 billion this fiscal year and next combined.
CT Mirror: Many Towns Begin Cutbacks in Anticipation of Lean CT Budget
Nearly half of Connecticut cities and towns participating in a recent survey have frozen spending or cut services in response to state budget gridlock and the associated threat of reduced municipal aid, the Connecticut Conference of...
Malloy now projects slight CT budget surplus for last fiscal year
After facing a projected deficit of nearly $400 million three months ago, Connecticut may have ended the last fiscal year with a slight surplus, Gov. Dannel P. Malloy’s administration reported Thursday.
Malloy, legislators struggle over uncertain path to a budget
Gov. Dannel P. Malloy and Democratic legislators are struggling to frame a budget deal that requires Malloy to compromise on taxes, liberals to accept structural changes in municipal aid and moderates to embrace a new labor deal.
Health Care Bill Collapses
According to a front-page story in the July 18 Hartford Courant, “Two more Senate Republicans have declared their opposition to the latest plan to overhaul the nation’s healthcare system, potentially ending a months’ long effort...
Employee Unions Endorse Concession Deal by Huge Margin, 83 to 17 Percent
State employee unions have overwhelmingly approved a $1.5 billion package of concessions over two years, providing major savings to help close the state budget gap and setting the stage for a tight vote by the legislature.