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It would cost Connecticut nearly $1.9 billion over four years to cover the raises, bonuses and related costs Gov. Ned Lamont negotiated for about 46,000 state employees, nonpartisan legislative analysts reported Thursday. The package, which would force Connecticut to draw almost $300 million from its reserves, is expected to come under heavy fire Monday from Republican lawmakers. GOP leaders noted the $407 million in raises and bonuses the Democratic governor would channel annually to state workers far exceeds the tax relief he proposed for all Connecticut residents.

The legislature’s nonpartisan Office of Fiscal Analysis projected this week that the contracts Lamont struck with more than 30 state employee bargaining units would cost $1.87 billion, spread across this fiscal year and each of the next three.

Report: State workers’ raises would cost almost $1.9B- It would cost Connecticut nearly $1.9 billion over four years to cover the raises, bonuses and related costs Gov. Ned Lamont negotiated for about 46,000 state employees, nonpartisan legislative analysts reported Thursday.The package, which would force...

GOP: Raises Lamont negotiated exceed value of tax cuts for CT households.

Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.