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Malloy Recognizes his Budget Proposal is $121M Out of Balance

By Keith M. Phaneuf

www.ctmirror.org

Gov. Dannel P. Malloy has said repeatedly that all of the budgets legislative caucuses have proposed are so flawed he would veto them.

But the Malloy administration conceded this week that there are some holes in the governor’s budget as well — worth more than $120 million.

The $40.6 billion, two-year budget Malloy unveiled on May 15 effectively assumes $46.7 million in labor savings in the first year and $74.5 million in the second that the administration now acknowledges it can’t achieve — at least as originally planned.

Why? Because those cost-saving measures — which largely involve reducing staff and closing and consolidating facilities — would require layoffs that would be prohibited for four years under the concessions deal pending before state employee unions.

Comings & Goings: Ulta Beauty to Post Road East

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Ulta Beauty, a full service salon, will open in 2018 at 1365 Post Road East in the former site of Anthropologie, according to Norwalk store manager Jennifer McIntosh. She said the business offers “all things beauty, all in one place” and includes a full service salon as well as drug store and department store brand cosmetics.  She added the Westport store is an addition to its 15 Connecticut locations. The NASDAQ Exchange-listed company (symbol: ULTA), headquartered in Bolingbrook, Illinois was founded in 1990 by Dick George and Terry Hanson and has grown to 1,000 locations. Anthropologie relocated to Bedford Square in downtown Westport in April. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings & Goings: Effi’s Salon to Riverside Avenue

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Effi’s Salon, 719 Post Road East, near the intersection of Roseville Road, will relocate to 484 Riverside Ave., near the intersection of Saugatuck Avenue, in the fall. Owned by Effi Andriotis, the salon has been at its current location for 17 years, according to staff members. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Gallery: First Look: Savannah Bee Company Opening


Savannah Bee Company, known for its premium artisanal honeys and honey-based health and beauty products, today applied finishing touches for its grand opening in Westport on Friday. It is located at 47 Church Lane in the newly constructed and recently opened Bedford Square complex anchored by the Anthropologie store. According to Hillary Mack of the Savannah-based company’s management team, Westport will be its eight location; others are in Georgia (4), South Carolina (2) and Florida (1).  Mack said the business, founded by Ted Dennard in 2002, distributed its bee products through wholesale channels before opening its first retail operation in Savannah in 2008. Dave Matlow for WestportNow.com

House, Senate Democrats Unable to Agree on Provisional Budget

By Keith M. Phaneuf

www.ctmirror.org

Connecticut’s prospects of enacting a state budget — even a provisional one — before the new fiscal year begins July 1 appeared to slip away late Monday night as House and Senate Democrats were unable to agree on a path forward.

After closed-door talks between House and Senate Democrats bogged down over several issues, including a potential sales tax hike and labor concessions, House Speaker Joe Aresimowicz of Berlin, notified his fellow Democrats they should not expect to vote on a provisional budget Thursday.

The speaker had asked Democrats, who hold a slim 79-72 edge in the House, to hold open Thursday for a possible budget vote.

Aresimowicz refused to discuss details of the negotiations, but he confirmed today that he doesn’t anticipate a budget vote at this time.

Comings & Goings: Nike Running to Close

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An employee today confirmed a longtime rumor that the Nike Running store, 69 Main St., will close by end of 2017. The employee said the Nike trend now is to limit retail locations to “outlets and large cities.” The store opened in November 2011 and suffered severe flooding during Super Storm Sandy in 2012. One local real estate source estimated there are now 10 vacancies or availabilities in the Main Street area, one of the highest such rates in recent years. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

180 Post Road East Sold for $18 Million

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The combined retail/office building at Westport’s 180 Post Road East has changed hands for $18 million, according to a filing recorded in the Town Clerk’s Office on Monday. The town reaped $45,000 in conveyance taxes for the sale while $225,000 went to the state. The building, which recently underwent extensive renovations, last changed hands in 2013 for $11 million (see WestportNow Aug. 30, 2013). The seller this time was 180 Westport Partners LLC and the buyer JPM Westport LLC. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Cities, Towns Ask State Leaders in TV Ad, ‘Are You Listening?’

By Keith M. Phaneuf

www.ctmirror.org

The Connecticut Conference of Municipalities is pressing state officials to deliver a budget that protects cities and towns, unveiling a television commercial today that suggests the legislature’s inaction could cost people their homes.

The 30-second spot, which will air through the rest of the month on network affiliates and Cable News 12 in Fairfield County, urges officials to revisit a state budget stabilization plan local leaders developed back in January.

The ad mingles concerns raised by unnamed home and business owners with responses from municipal leaders, who drew contrasts of responsive local officials with deadlocked legislators.

“High property taxes are going to cause me to lose my home,” one woman says as the ad opens. A second asks “Why can’t government be more efficient?”

Without a CT Budget by July 1, the Options Are All Bad

By Keith M. Phaneuf

www.ctmirror.org

For more than 100 years, Connecticut has periodically grappled with what to do when the fiscal year begins and a new budget is not in place to greet it.

But with just 15 days left in the outgoing fiscal year — and a $2.3 billion deficit looming after that — gridlocked legislators’ inability to adopt a new budget has huge repercussions across a wide spectrum.

Big question marks already hang over some social services for children, the poor and disabled, as well as certain aid to cities and towns.

And Gov. Dannel P. Malloy, who has warned legislators for several weeks now not to force him to run the state without a new budget in place, already has said he considers that option a “worst-case scenario,” and that legislators should as well.

Comings & Goings: Morgan Stanley to Relocate to 500 Post Road East

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Morgan Stanley will relocate its offices at Nyala Farms and 320 Post Road West to the newly renovated, solar-powered office building at 500 Post Road East next month. The building’s principal owner, Timon Malloy, said today the firm would occupy 24,000-square feet, including all of the third level and one-half of the second level in the 37,000-square foot building. Its previous tenants pror to renovation had included Terex Corp. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com