January 29, 2020
The state’s balance sheet is burdened with accrued obligations to state retirees and bondholders in excess of $ 85 Billion; and servicing these obligations consumes nearly one-third of the general fund. This is approximately three times larger than in other state budgets. The conflict between servicing the obligations of the past and the needs of the present and future is severe and has fallen heavily on the members of our nonprofit human services industry.
Is there a way out of this? Can past obligations be refinanced or restructured? What can nonprofits expect from the General Assembly in 2020, and what reform and budget opportunities will be presented by the expected retirement of 10,000 state employees in 2022.
Join TANGO, our co-sponsor The Alliance and our guest panelists for an exciting discussion on Wednesday, January 29th at the Hartford Golf Club!
Our special guest panelist will include:
Spencer Cain, President, Cain Associates, LLC
Keith Phaneuf, State Finances Reporter, The CT Mirror
Barry Simon, CEO Oak Hill/CT Institute for the Blind
Opening Comments and Introductions:
Rollin Schuster, Managing Principal, The Schuster Group
President & Founder TANGO (The Alliance for Nonprofit Growth and Opportunity, Inc.)
Gian-Carl Casa – President and CEO
CT Community Nonprofit Alliance (The Alliance)
The Hartford Golf Club