September construction starts jump 14%

The value of construction starts surged 14% from August to a seasonally adjusted rate of $814.8 billion in September, according to Dodge Data & Analytics. The rebound was driven by the nonresidential sector, which spiked 37% month over month.  A lethargic public works sector pushed nonbuilding down 3%, while residential — both single-family and multifamily […]

Share This Article:

read more

Republicans, Democrats Agree On Compromise Budget, But Malloy Hasn’t Seen It

Republican and Democratic state legislators hope to vote next week on a budget agreement that they reached Wednesday afternoon, possibly ending a crippling dispute that began early this year. Anticipating a potential veto from Malloy, Aresimowicz said there could be 101 votes in the House and 24 in the Senate supporting the bipartisan deal. Legislative […]

Share This Article:

read more

Legislative Leaders Set Wednesday Deadline For Budget Deal

Legislative leaders said they expect to know whether they will have a two-year, bipartisan budget deal by 2:30 p.m. Wednesday afternoon. After 13 days of closed-door negotiations, legislative leaders will have poured over more than 1,000 pages of budget line items and talked through their differences. The arbitrary deadline they’ve given themselves is 2:30 p.m. […]

Share This Article:

read more

Amazon considering redesign of planned North Haven distribution center

Amazon has approval to build an 855,000 square-foot warehouse and distribution center at 415 Washington Ave. (Route 5) that would yield 1.2 million square feet in floor space to ceiling. The investment in the land and construction is estimated to be about $129 million and the personal property, including robotics, is estimated to add $130 […]

Share This Article:

read more

Malloy counters with ‘lean, no-frills, no-nonsense’ budget

The governor’s new plan would reduce spending by an additional $150 million over this fiscal year and next combined compared to a September budget Malloy and Democratic legislative leaders recommended. It maintains emergency relief for distressed municipalities by includes a revised formula for redistributing education aid. And while it does shift funding from wealthy communities […]

Share This Article:

read more

Leaders Continue Working Toward Bipartisan Budget Deal

Legislative leaders met for about six hours Monday in a continuing effort to fashion a bipartisan budget proposal that will end the budget stalemate that’s lingered for more than 100 days. They haven’t reached a deal yet, but staff on both sides said there’s been movement from both parties. What’s not clear yet is if […]

Share This Article:

read more