The success of UTC and Pratt and Whitney is good news for the state of Connecticut. The CT-based company reported higher revenue in three of its four businesses: jet engine maker Pratt & Whitney, Otis elevator and UTC Climate, Controls and Security.
The state House of Representatives took a significant step toward solving the state’s fiscal crisis by securing a crucial piece of the budget puzzle – ratifying a concessions deal that is expected to save taxpayers $1.5 billion over the next two years.
House Democrats released a revised two-year proposed state budget that includes ideas from Democrats, Republicans and the governor, as well as input from municipalities, the business community, hospitals and other constituencies.
