May 10, 2024
Funds

Many CT towns, cities have not spent opioid settlement funds

Connecticut’s towns and cities recently received a combined $9.8 million from several nationwide legal settlements with opioid manufacturers, shippers and retailers, but many of those municipalities are still deciding how to spend that money to combat the ongoing opioid epidemic. The state Department of Mental Health and Addiction Services sent a survey to Connecticut’s 169

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Funds

CT seeks to fund teachers’ project proposals with $4M investment

Kate Dias, president of the largest teachers union in the state, the Connecticut Education Association, this week recalled a time in her teaching career when she bought Barbie dolls to make a lesson more engaging. One of her colleagues, she said, used Play-Doh to help create calculus models. For both projects, the money to purchase

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Loans

CT Landlords obtained $50M in fraudulent mortgage loans

A New York man was fined more than $1 million and another has been imprisoned for orchestrating an elaborate fraud they used to acquire $50 million in mortgage loans and build an extensive residential real estate portfolio across Hartford. Federal prosecutors said the “sheer volume of false documents and material misrepresentations’’ concocted to deceive lenders

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