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Please like and share the great work that they are doing at the Stetson Library. READY for the Grade Family Night Drum Circle With Michael Mills was amazing to experience
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HARTFORD, Connecticut – On Wednesday morning, State Treasurer Erick Russell hosted the July meeting of Connecticut’s Investment Advisory Council (IAC), which convened at the State Office Building in Hartford. In that meeting, Treasurer Russell announced $775 million in new investment commitments for the Connecticut Retirement Plans and Trust Funds (CRPTF).
“The foundation of our investment decisions, and ultimately our long-term investment success, is our strategic asset allocation,” said Treasurer Russell. “By thoughtfully calibrating our portfolio across asset classes, including these investments we’re announcing today, we’re positioning the CRPTF to weather market fluctuations and capture growth over time.”
In private real estate, Treasurer Russell committed up to $150 million to Sterling United Properties I CF, L.P., and $200 million to TA Realty Core Property Fund, L.P.
In private credit, he committed up to $175 million to Anchorage Credit Opportunities IX, L.P., and up to $75 million to Anchorage Credit Opportunities IX Co-Investment, L.P.
In private investment, Treasurer Russell announced a commitment of up to $175 million to Integrum Capital Partners II, L.P.
These commitments followed feedback provided to the Treasurer by the IAC at the May meeting.
Several potential investments were reviewed for consideration at the meeting. Presentations included Reverence Capital Partners PE Opportunities IV (Fund VIII) L.P. and Verdane Freya XII AB (private investment fund opportunities), Crescent CRPTF Private Credit L.P. (a private credit fund opportunity), and HarbourVest Infrastructure Income Partnership L.P. and Palistar Digital Infrastructure Fund III L.P. (both infrastructure fund opportunities).
Wednesday’s meeting also included a presentation on an update to the CRPTF’s Investment Policy Statement as well as strategic reviews of Global Fixed Income and Risk Mitigation.
“Our Investment Advisory Council brings exceptional insight and judgment to the table, and their support is a major driver of our portfolio’s strength,” said Treasurer Russell. “I’m grateful for their clear-eyed analysis as we navigate these critical investment decisions.”
The IAC shares responsibility for Connecticut’s investment strategy and performance. Its members are appointed by unions representing teachers and state workers, legislative leaders, and the Governor. It plays a key role in setting the pension funds’ investment policy and asset allocation, and in the hiring of key investment personnel. All IAC meetings are open to the public. Meeting materials, including past agendas and investment presentations, are available on the Office of the Treasurer’s website: portal.ct.gov/OTT/About-the-Treasury/Advisory-Council.
About the Office of the Treasurer
The Office of the Treasurer is charged with safeguarding Connecticut’s financial resources through prudent cash management and debt management, with the State Treasurer serving as principal fiduciary for six state pension and twelve state trust funds. Additionally, the Office enhances the state’s fiscal stability through programs promoting financial literacy and college savings, and it leverages business partnerships to support the advancement of Connecticut’s social and policy priorities, including combating gun violence and protecting our environment. The Office of the Treasurer is led by State Treasurer Erick Russell, the first Black out LGBTQ person to win an election for statewide office in American history. To learn more, visit portal.ct.gov/ott.
ARTFORD, CT) – Governor Ned Lamont today announced that he has signed into law the biennial state budget bill for fiscal years 2026 and 2027, which makes historic investments to expand access to early childhood education, which is among the costliest item for families, all while holding the line on taxes.
Notable investments include:
Governor Lamont said, “This is a balanced, sensible budget that is under the spending cap, provides predictability and stability for residents, businesses, and municipalities, and holds the line on taxes while keeping us on a sound fiscal path. Importantly, it includes significant investments in our education system, beginning with historic levels of support for early childhood education, up through our K-12 public schools and our higher education institutions. It also protects our social services safety net, prioritizing our health and human services providers and increasing support for our most vulnerable residents, including seniors and those who have disabilities, who receive Medicaid. And while we are doing all of this, we are continuing to make historic and long-overdue payments into the pension system, preserving the strength of our fiscal guardrails, and making fiscally responsible investments into the rainy-day fund that will protect our state against any potential economic headwinds we may face in the future. I thank the legislature for their hard work and collaboration on this budget. While other states are increasing taxes and cutting services, economic analysts are pointing to Connecticut as an example of a state that has worked hard to maintain fiscal stability and is making the smart decisions that are critical for economic growth.”
Senate President Pro Tempore Martin M. Looney said, “This budget includes several major initiatives, including a new trust fund for early childhood education that will be transformative in getting children ready for kindergarten, and a larger investment in special education to help towns deal with ever-increasing special education costs.”
Speaker of the House Matt Ritter said, “Our budget showcases our priorities. We make critical investments in education and childcare while providing relief to thousands of working families with a $250 credit through the EITC framework. This budget was a team effort and I want to thank the chairs, Senate leaders, Governor and the staffs who worked so hard to ensure we crossed the finish line.”
Senate Majority Leader Bob Duff said, “Voting for a significant special education funding increase and prioritizing millions of dollars more in the classroom underscores our commitment to students, parents, teachers and school personnel across this state. I want to thank Senator Looney for fighting for a strong state budget, as well as Senators Osten and Fonfara, Speaker Ritter, Majority Leader Rojas, their fiscal chairs, and all our hardworking staff for negotiating a two-year budget that delivers on so many of our promises.”
House Majority Leader Jason Rojas said, “This budget represents a bold investment in Connecticut’s most vital asset: our people. It reflects our commitment to invest in our future – our youngest learners – through historic levels of funding for early childhood education and childcare as well as investments in special education and fully funding the state’s obligation to our traditional public schools. We know that when we invest in our children, we invest in the foundation of our communities. We continue to support our towns and cities by sustaining and increasing municipal aid to help relieve the pressure of property taxes and ensure that local governments can serve residents effectively. We’re also addressing some of the most urgent needs in our state, including affordable housing and transportation so people and our economy can keep moving forward.”
Senator Cathy Osten, co-chair of the Appropriations Committee, said, “This is a good budget that addresses the real issues for real people that we heard about in countless hours of public hearings – food, health care, nonprofits and education.”
State Representative Maria Horn, co-chair of the Finance, Revenue, and Bonding Committee, said, “This budget reflects the legislature’s commitment to responsible, people-first policymaking. We delivered a $250 refundable credit for working families, a $500 credit for home daycare providers, and new incentives to help families save for college – all targeted toward easing everyday costs. We also ensured small businesses can compete on a fairer playing field by modernizing our tax code and expanding support for local farms and rural economies. Even with a tough revenue forecast, we passed a balanced, forward-looking budget that supports families, strengthens our workforce, and creates a better environment for small businesses to thrive.”
The budget bill is Public Act 25-168. The 2026 fiscal year begins July 1, 2025.
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WBC US Silver Super Lightweight Champion Wilson "Ill Will"Mascarenhas makes the first defense of his title on July 19 against undefeated challenger Nicolas Tejada on the stacked 'Summer Heat 2025' card at Mohegan Sun Arena.
UNCASVILLE, CT – CES Boxing returns to Mohegan Sun Arena on Saturday, July 19 with Summer Heat 2025, an action-packed night of professional and amateur boxing featuring a WBC championship fight, regional rivalries, and exciting new signings.
Tickets for 'Summer Heat 2025' at Mohegan Sun Arena on July 19 are available for purchase at cesfights.com, Ticketmaster and the Mohegan Sun Box Office. In the 8-round main event, New Bedford’s own Wilson “Ill Will” Mascarenhas (11-1, 5 KOs) defends his WBC USA Silver Super Lightweight Title against undefeated Haverhill standout Nicolas Tejada (11-0-1, 8 KOs) in a highly anticipated showdown between top fighters from Massachusetts. Newly signed lightweight prospect Jacob “Lefty” Marrero (9-0, 7 KOs) of Bridgeport, CT, puts his undefeated record on the line in the co-feature against battle-tested Hartford veteran Alberto “Transformer” Mercado (17-7-1, 4 KOs) in an all-Connecticut clash. The stacked undercard features the return of Springfield, MA's heavy-handed junior middleweight Anthony “ATV” Velasquez (17-0-1, 14 KOs), who faces Arkansas brawler Terry Chatwood (12-3-1, 6 KOs) in what promises to be a slugfest. Someone's 'O' has to go when Stratford’s Joseph “J-Elite” Chisholm (5-0, 5 KOs) battles Mexico's Sean Diaz (8-0, 2 KOs) in a battle of unbeaten super bantamweights. Popular Stamford middleweight Douglas Marroquin (6-0, 3 KOs) returns in a 6-round contest against Cincinnati’s Elijah Grant, while Hartford welterweight Jonathan Figueroa (4-2, 3 KOs) kicks off the pro portion of the evening against Edgar Sagui. Several new signings will also see action in separate bouts, including New Haven junior welterweight Anuel Rosa (5-0-1, 3 KOs), Kazakh super bantamweight knockout artist Yevgeniy Pavlov (10-0, 8 KOs), Branford lightweight Gianni Liguori (2-0-1, 2 KOs) in a step up fight against New Britain’s Anthony Mora (6-3-1, 4 KOs), and Rhode Island natives Tyler Macari and Ayowole Tom Jones make their highly anticipated pro debuts in the junior middleweight and middleweight divisions, respectively. Summer Heat 2025 begins with Jimmy Burchfield’s Classic Invitational, an amateur showcase spotlighting the top amateur boxers and gyms on the East Coast — a CES tradition that continues to cultivate and produce the sport’s next generation of stars. For additional updates and event information, follow CES Boxing on Facebook, Instagram and Twitter at @CESBOXING.
INFORMATION
ABOUT CES BOXING
CES Boxing is one of the top promotions on the East Coast. Founded in 1992 by Jimmy Burchfield Sr., CES Boxing has promoted many world class fighters, including Jamaine Ortiz, Juiseppe Cusumano, Hank Lundy, Vinny Paz, Peter Manfredo, Mariusz Wach, Jason Estrada, Matt Godfrey, Chad Dawson and Ray Oliveira. CES Boxing has promoted such super fights as "The Thriller on Triller: Tyson v Jones Jr.", "Mayweather vs. Gotti III"and "The Contender: Manfredo v Pemberton".
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(HARTFORD, CT) – Governor Ned Lamont today announced that he has signed into law the biennial state budget bill for fiscal years 2026 and 2027, which makes historic investments to expand access to early childhood education, which is among the costliest item for families, all while holding the line on taxes.
Notable investments include:
Governor Lamont said, “This is a balanced, sensible budget that is under the spending cap, provides predictability and stability for residents, businesses, and municipalities, and holds the line on taxes while keeping us on a sound fiscal path. Importantly, it includes significant investments in our education system, beginning with historic levels of support for early childhood education, up through our K-12 public schools and our higher education institutions. It also protects our social services safety net, prioritizing our health and human services providers and increasing support for our most vulnerable residents, including seniors and those who have disabilities, who receive Medicaid. And while we are doing all of this, we are continuing to make historic and long-overdue payments into the pension system, preserving the strength of our fiscal guardrails, and making fiscally responsible investments into the rainy-day fund that will protect our state against any potential economic headwinds we may face in the future. I thank the legislature for their hard work and collaboration on this budget. While other states are increasing taxes and cutting services, economic analysts are pointing to Connecticut as an example of a state that has worked hard to maintain fiscal stability and is making the smart decisions that are critical for economic growth.”
Senate President Pro Tempore Martin M. Looney said, “This budget includes several major initiatives, including a new trust fund for early childhood education that will be transformative in getting children ready for kindergarten, and a larger investment in special education to help towns deal with ever-increasing special education costs.”
Speaker of the House Matt Ritter said, “Our budget showcases our priorities. We make critical investments in education and childcare while providing relief to thousands of working families with a $250 credit through the EITC framework. This budget was a team effort and I want to thank the chairs, Senate leaders, Governor and the staffs who worked so hard to ensure we crossed the finish line.”
Senate Majority Leader Bob Duff said, “Voting for a significant special education funding increase and prioritizing millions of dollars more in the classroom underscores our commitment to students, parents, teachers and school personnel across this state. I want to thank Senator Looney for fighting for a strong state budget, as well as Senators Osten and Fonfara, Speaker Ritter, Majority Leader Rojas, their fiscal chairs, and all our hardworking staff for negotiating a two-year budget that delivers on so many of our promises.”
House Majority Leader Jason Rojas said, “This budget represents a bold investment in Connecticut’s most vital asset: our people. It reflects our commitment to invest in our future – our youngest learners – through historic levels of funding for early childhood education and childcare as well as investments in special education and fully funding the state’s obligation to our traditional public schools. We know that when we invest in our children, we invest in the foundation of our communities. We continue to support our towns and cities by sustaining and increasing municipal aid to help relieve the pressure of property taxes and ensure that local governments can serve residents effectively. We’re also addressing some of the most urgent needs in our state, including affordable housing and transportation so people and our economy can keep moving forward.”
Senator Cathy Osten, co-chair of the Appropriations Committee, said, “This is a good budget that addresses the real issues for real people that we heard about in countless hours of public hearings – food, health care, nonprofits and education.”
State Representative Maria Horn, co-chair of the Finance, Revenue, and Bonding Committee, said, “This budget reflects the legislature’s commitment to responsible, people-first policymaking. We delivered a $250 refundable credit for working families, a $500 credit for home daycare providers, and new incentives to help families save for college – all targeted toward easing everyday costs. We also ensured small businesses can compete on a fairer playing field by modernizing our tax code and expanding support for local farms and rural economies. Even with a tough revenue forecast, we passed a balanced, forward-looking budget that supports families, strengthens our workforce, and creates a better environment for small businesses to thrive.”
The budget bill is Public Act 25-168. The 2026 fiscal year begins July 1, 2025.
Renderings of the new transit-oriented, mixed-use community project at New Haven Union Station.
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New Haven Union Station. |
(NEW HAVEN, CT) – Governor Ned Lamont and Connecticut Transportation Deputy Commissioner Laoise King today announced that Gilbane Development Company and MURAL Real Estate Partners have been selected to lead a privately developed transit-oriented, mixed-use community at New Haven Union Station.
The $316.1 million project will convert underused state-owned land at Union Station into a vibrant, mixed-use development anchored by two 16-story towers, bringing new housing, retail, and jobs just steps from rail, bus, and bike connections.
The project will deliver 470 new apartments, including 118 affordable units, alongside more than 28,000 square feet of retail and commercial space, 26,000 square feet of residential amenities, and 294 parking spaces to serve both tenants and transit customers. Construction will be completed in two phases. The first phase is scheduled to begin in late 2026 and be completed by early 2028. The second phase will start in August 2029 and wrap up by November 2031.
“This is exactly the kind of forward-thinking development we need to see more of in Connecticut,” Governor Lamont said. “We’re creating new housing, including affordable units, while strengthening public transit and growing the local economy. It’s a win for New Haven and a model for the rest of the state.”
“The New Haven Union Station redevelopment is part of the Connecticut Department of Transportation’s larger strategy to reimagine underused state land at transit hubs across the state,” Deputy Commissioner King said. “In communities around the state, our goal is to turn these under-utilized parking lots into neighborhoods that encourage transit activity and long-term economic growth.”
“You can’t get more transit-oriented development than building nearly 500 new homes right next to one of the busiest train hubs in the northeast,” Ed Broderick, CEO of Gilbane Inc., said. “Gilbane is honored to partner with the State of Connecticut, the City of New Haven, and Mural Real Estate Partners on this transformative project. This is precisely the kind of visionary development that helps combat the housing crisis and reconnect communities.”
“Union Station is one of New Haven’s most iconic and important places of connection,” Robin Zeigler, founder and CEO of MURAL Real Estate Partners, said. “This project represents an opportunity to further weave it into the life of the city – with new mixed-income residences, an engaging mix of retailers and local businesses, and public spaces that welcome both residents and visitors. We’re honored to partner with the State of Connecticut and Gilbane on this transformational effort and look forward to delivering a place that reflects and serves the New Haven community.”
In addition to this transit-oriented development project underway in New Haven, the Connecticut Department of Transportation will issue a request for proposal this summer for another transit-oriented development project in Stamford.
The Connecticut Department of Transportation is also studying 18 state-owned parking lots for potential transit-oriented development projects in partnership with cities, towns, developers, and other stakeholders. Station locations being studied include Branford, Darien, Fairfield, Stratford, Wallingford, Waterbury, West Haven, and Wilton, among others
(HARTFORD, CT) – Governor Ned Lamont today announced that he is releasing $30 million in state grants to 46 small towns in Connecticut that will be used to complete a wide variety of infrastructure improvements, such as road safety reconstruction projects, emergency management upgrades, sidewalk and pedestrian safety enhancements, educational and recreational facility upgrades, and other kinds of capital improvement projects.
The grants are being provided through the Small Town Economic Assistance Program (STEAP), a state program managed by the Connecticut Office of Policy and Management (OPM) that delivers grants to small towns for economic development, community conservation, and quality-of-life capital projects. In addition to the grants from the state, each municipality is also contributing funds, bringing the total spent on the 48 projects to $43.4 million in a combination of state, local, and other funding sources.
“Our small towns are an important part of what makes Connecticut such a special place to live and work,” Governor Lamont said. “By partnering with each town, we can help get these infrastructure projects completed so these towns can continue to thrive, remain competitive, attract businesses, and improve the quality of life for our residents.”
Towns seeking funding under this current round of STEAP grants were required to submit applications to the state by February 20, 2025. Towns selected to receive grants will soon be contacted by OPM with an official award notification and further instructions. Funding to support these grants was recently approved by the State Bond Commission, a group that Governor Lamont leads as chairperson.
The STEAP grants awarded in this round include:
(HARTFORD, CT) – Governor Ned Lamont today announced that his administration has reached a three-year agreement with SEIU 1199 NE that will result in significant wage increases for direct care workers in Connecticut’s nursing homes and group homes. As a result, the union has withdrawn its plans to strike.
“The workers in our nursing homes and group homes provide critical support and care to our most vulnerable residents, and in doing so, deserve salaries that reflect their dedicated work,” Governor Lamont said. “I am proud to reach an agreement that provides workers with a significant increase in their compensation for the next several years, while also addressing the workforce crisis facing many of our nursing and group homes. This deal protects and maintains continuity of care for thousands vulnerable seniors and individuals with disabilities. I appreciate SEIU 1199 and their President Rob Baril for working with state leaders to reach a fair deal.”
“I’m happy that the governor and lawmakers saw the true value of healthcare workers like me,” Johannah Alabi, a CNA and one of the healthcare workers who participated in negotiations with Governor Lamont’s office, said. “The last thing we wanted to do was go on strike – we’d rather remain with our residents who need us. We’re looking forward to continuing to provide care while also feeling respected and supported for the hard work we do.”
The agreement includes incremental increases in Medicaid for nursing homes and group homes over the next three years that creates a pathway to increase wages for certified nursing assistants to $26 per hour by January 1, 2028.
Celebration of Long Wharf Pier’s Designation as a National Historic Place
Join us in commemorating the designation of Long Wharf Pier as a National Historic Place.
Learn about the innovative methods that William Lanson – a free Black engineer, entrepreneur, and abolitionist – used to build the pier, the history of the pier, of New Haven Harbor, and the impact both had on the growth of New Haven. Then, enjoy ice cream and gelato!
Both events take place at the Boathouse at Canal Dock, are free, and open to the public. Registration is encouraged, but not required. Register here.
Long Wharf Pier Celebration
When: Tuesday, May 27, 2025
Where: Canal Dock Boathouse, 475 Long Wharf Drive, New Haven
Connecticut Treasurer Erick Russell today announced the early elimination of an additional $176 million of transportation-related debt, bringing the total to $570 million of debt paid off early as a result of 2024 legislative changes championed by Treasurer Russell and Governor Ned Lamont. The early elimination of debt will save taxpayers $726 million over the next decade.
“Retiring state transportation debt early benefits Connecticut taxpayers by reducing the debt burden while we continue to fund and invest in the critical transportation projects they rely on,” said Treasurer Russell. “By strategically using excess balance in the Special Transportation Fund to reduce long-term debt, we achieved savings of $45 million in the current year and $68 million annually from 2026 to 2035.
“This simple but powerful approach to fiscal management is proving to be one of the true successes of the 2024 legislative session, and it will continue to benefit Connecticut residents in 2025 and for years to come. I am hopeful that the legislature will vote this year to extend this practice in perpetuity.”
In recent years, the amount of money held in reserve in the Special Transportation Fund (STF) had grown significantly. Last year, Treasurer Russell and the Lamont Administration proposed using funds in excess of 18% of operating expenses to pay down long-term debt. That provision was adopted by the legislature for the current fiscal year only. Utilizing excess reserves to remove debt from the balance sheet improves the long-term health of the STF by lowering or removing future principal and interest payments on borrowing, known as debt service.
The Legislature is currently considering legislation proposed by Treasurer Russell that would permanently authorize the use of excess in the Special Transportation Fund to payoff outstanding transportation-related bonds. Senate Bill 1461 An Act Concerning the Treasurer’s Recommendation for the Paydown of Special Tax Obligation Indebtedness was voted out of the Finance, Revenue and Bonding Committee with overwhelming bipartisan support.
Earlier this year, the Office of the Treasurer was able to redeem $394 million of Special Tax Obligation (STO) Transportation Infrastructure bonds that were eligible for pre-payment. Today, an additional $176 million of bonds have been discharged with the deposit of funds with the Bond Trustee to redeem the bonds on August 1, 2025, when they become eligible for pre-payment.
In addition to the excess amounts available in the STF, an additional $34 million was used from bond reserves that were no longer needed due to the early payoffs.
More information on Connecticut’s bonding programs is available at www.buyctbonds.com.
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Governor Ned Lamont today announced that letters are being mailed this week to more than 100,000 Connecticut residents notifying them that some or all of their medical debt has been eliminated under the second round of an initiative his administration launched last year through a partnership with the nonprofit organization Undue Medical Debt.
Under the partnership, Undue Medical Debt is leveraging investments from the state to negotiate with hospitals and other providers on the elimination of large, bundled portfolios of qualifying medical debt owed by Connecticut patients. Those who qualify must have income at or below four times (400%) the federal poverty level or have medical debt that is 5% or more of their income. (The current federal poverty level is an annual income at or below $32,150 for a family of four.) Since these medical debts are acquired in bulk and belong to those least able to pay, they cost a fraction of their face value, often pennies on the dollar.
In this second round, the state invested $575,000 in American Rescue Plan Act (ARPA) funding, and Undue Medical Debt was able to negotiate with a secondary market partner to acquire and eliminate more than $100 million in qualifying medical debt. The first round occurred in December and saw the elimination of approximately $30 million in medical debt for 23,000 of the state’s residents.
Those who have been identified for relief will receive a branded envelope and letter from Undue Medical Debt in the mail over the next several days. (To view a sample of what this letter looks like, click here.)
“Medical debt causes additional anxiety and stress when individuals and families are coping with potentially life-threatening health situations,” Governor Lamont said. “Over the next few days, more than 100,000 Connecticut residents who have been struggling to pay their medical bills will feel relief when they receive letters in the mail notifying them that their debt has been erased. I am hopeful that additional medical partners will soon sign onto this program to help more Connecticut families through further rounds of this initiative.”
“I’m very grateful for the State of Connecticut’s continued partnership in providing medical debt relief to its residents,” Allison Sesso, CEO and president of Undue Medical Debt, said. “The erasure of these debts of necessity wouldn’t be possible without community-minded leaders like Governor Lamont and his team, who believe medical debt should not be a hindrance to seeking needed care. We look forward to continuing our work in the state so families can seek healthcare with dignity.”
“Medical debt can be a crippling burden on patients, especially those who are already struggling to make ends meet,” State Representative Cristin McCarthy Vahey, co-chair of the legislature’s Public Health Committee, said. “Erasing medical debt for an additional 100,000 residents will greatly ease the stress they are facing and will free them up to focus on their health and well-being. Thank you to Governor Lamont and Undue Medical Debt for their leadership on this innovative program.”
Because this debt erasure occurs through the purchase of large, qualifying bundled portfolios of debt from participating partners like hospitals and collection agencies, there is no application process for this relief and it cannot be requested.
Governor Lamont intends to continue partnering with Undue Medical Debt to enact further rounds of medical debt cancellation. The governor and the Connecticut General Assembly enacted legislation that makes $6.5 million in ARPA funding available for this initiative.