More Children in Poverty, Less State Spending For Children, Reports Reveal

The percent of children in poverty in Connecticut increased to 13.2 percent, up from 10.4 percent in the 2000 Census, according to advocacy organization Connecticut Voices for Children, which analyzed data  in the U.S. Census Bureau’s American Community Survey (ACS) covering 2008-2012.  The statewide increase in poverty among children reflects significantly increased child poverty rates in 30 cities and towns, and decreased poverty rates for children in only 12 communities.

Income disparities among Connecticut’s communities are also clearly reflected in the data.  In Hartford, for example, the percentage of children in poverty reached a state high of 45 percent and the adult poverty rate hit 33 percent, while at the other end of the spectrum, the rate in Canterbury was less than 1 percent among children and less than 3 percent among adults.

After Hartford, the percentage of children living in poverty was at its highest in the state’s urban and rural communities:  New Haven topped 37 percent, in Waterbury 34 percent, New London 29 percent, Cornwall, 27 percent, Norwich 23 percent, Meriden 22 percent, East Hartford and Preston, both at 21 percent, Stamford and Kent, both at 13 percent, and Danbury 12 percent.

The following 30 towns had statistically significant increases in the percent of all children in poverty: Ansonia, Avon, Berlin, Branford, Bridgeport, Cornwall, Danbury, Darien, Derby, East Haddam, East Hartford, East Haven, Enfield, Hartford, Harwinton, Litchfield, Meriden, Middletown, New Britain, New Hartford, New Haven, Norwich, Plymouth, Preston, Stamford, Vernon, Waterbury, West Haven, Windham, and Windsor Locks.

The following 12 towns had statistically significant decreases in the percent of children in poverty: Barkhamsted, Canterbury, Columbia, Granby, Hamden, Morris, Old Lyme, Salisbury, Sharon, Thomaston, Winchester, and Woodbridge.

The percent of all Connecticut residents in poverty increased to 10.0 percent according to the ACS data, up from 7.9 percent in Census 2000 (1999 figures).  Because the ACS is based on information gathered from a sample of local residents, the "sample size" in each town can be small in any one year.  The Census Bureau, therefore, averages together five years of data to create more reliable estimates.

In another report issued early this year, it was revealed that over the past two decades, Connecticut has committed less and less of its state budget to young people, according to the Fiscal Policy Center at Connecticut Voices for Children.

The report finds that spending on the “Children’s Budget” – state government spending that directly benefits young people – has dropped from 40% of the state budget in Fiscal Year 1992 to 30% in the current budget year (FY 2014). Spending on education has fallen by about a third -- from 26% of the state budget to 19% between Fiscal Years 1992 and 2014. The report, “Introducing the Children’s Budget,” is available on the Connecticut Voices for Children website at www.ctvoices.org

Connecticut Voices for Children is a research-based think tank that advocates for policies that benefit the state’s children and families.  Based in New Haven, the organization advances its mission through high quality research and analysis, strategic communications, community education, and development of the next generation of advocates.

Seven Communities Earn Grants to Strengthen Downtowns

Connecticut Main Street Center (CMSC), the downtown revitalization and economic development non-profit, has selected seven organizations and municipalities to receive a total of $70,000 in  Preservation of Place grants this year.

The 2014 grants will be used to provide Connecticut communities in Bridgeport, Canton, Essex, New London, Norwalk, the Northwest corner, and Willimantic with targeted resources to increase their capacity to plan for preservation and revitalization initiatives in their downtowns and neighborhood commercial districts.

The Preservation of Place grant program provides a source of funding for new initiatives that can be integrated into, and leverage, comprehensive Main Street preservation and revitalization programs. The funds are meant to be flexible to meet individual community need.

"Historic preservation and the revitalization of our Main Streets create jobs, bring vacant buildings back on the tax rolls and add value and vitality to adjacent buildings and neighborhoods," said John Simone, CMSC President & CEO. "This year's winners are taking steps to implement these types of positive changes by proactively planning for the growth and improvement of their downtowns."

The selected organizations or initiatives will receive between $5,000 and $14,500 in Preservation of Place grant funds:

• ·         Bridgeport Downtown Special Services District, for the creation of a plan that will use open spaces to facilitate creating placemaking in downtown Bridgeport
• ·         Town of Canton, for the development of Collinsville Village Zoning Regulations;
• ·         Town of Essex, for a Centerbrook Visioning & Action Plan;
• ·         New London Main Street, for an organizational and leadership development and capacity-building plan,
• ·         Norwalk 2.0, for the Freese Park Artist Village Plan;
• ·         Northwest CT Regional Planning Collaborative, for Active Main Street: Enlivening Village Center Public Spaces;
• ·         Thread City Development, Inc. (Willimantic), for an organizational and leadership development plan.

"The diversity of locations, from the Northwest Corner of Connecticut to New London, matched with the diversity of projects, from creative placemaking in urban open spaces to organizational and leadership development that will improve the management function in downtown, will allow each community to respond to their greatest current need, actively creating their direction of growth," Simone said.

Since 2008, CMSC has awarded $376,130 through the Preservation of Place grant program to twenty Connecticut communities, leveraging $842,727 in local Main Street initiatives. The program receives support from the State Historic Preservation Office with funds from the Community Investment Act.

State's Public Transportation Commission Calls for Service Improvements, Safeguards to Transit Fund

With the start of the legislative session, one of the many reports landing on legislators desks include a series of six recommendations for improving public transportation services, developed by the Connecticut Public Transportation Commission and outlined in their recently released 2013 Annual Report. The recommendations, according to Chair Kevin Maloney, “do not call for any major new State-funded initiatives, though some of the recommendations would require incremental expenditures to current projects or services.”

The Commission, a 14-member advisory body comprised of gubernatorial and legislative appointees, and including members from industry and the public, developed the recommendations following seven public hearings in Norwalk, Putnam, Bristol, Orange, New Milford, Enfield and New London, and monthly meetings throughout the year.  The Commission:

1.  Strongly supports efforts to safeguard the Special Transportation Fund, stating that resources of the fund “must be reserved to address the needs of Connecticut’s roads, bridges and transit systems.”  The report noted that:

• transfer of Fund monies to the General Fund deprives Connecticut’s infrastructure and services of these much-needed resources
• the transfer of Fund monies violates the trust that the Special Transportation Fund’s supporting revenues and user fees will benefit the transportation services and facilities upon which those who pay the gas tax, gross receipts tax, fares and license and permit fees rely
•  “the continued deferred investment in our transportation infrastructure that the diversion of Special Transportation Fund resources causes will erode Connecticut’s attractiveness and make it harder to compete with other states for businesses and residents”

2. Recommends sustained support for adequate for the continued operation and growth of the Coastal Link bus service, operated by Greater Bridgeport Transit, Norwalk Transit and Milford Transit along the Route 1 corridor, be provided. The line – which the report describes as “highly successful” and “perpetually in jeopardy” due to insufficient funding - carries over 4,000 passengers per weekday and over 1.2 million passengers annually, and the buses running this service are frequently at or above capacity with some occurrences where riders must be turned away.  “At a minimum,” the report recommends, “additional investment of state funds would be required to support additional buses to provide a consistent level of services and improve service quality.”

3. Commends ConnDOT for restoring funds to the Municipal Dial-A-Ride program – a “much needed program” that provides mobility to seniors and persons with disabilities across the state, and is “especially important to small rural communities.”  Funding had been reduced by 25 percent in 2011, which was restored in the FY2014 state budget, according to the report.  Approximately 130 municipalities apply for program funds each year.  The report notes that Connecticut is the seventh oldest state in the nation, with the over 65 population projected to grow by 64 percent by 2030. 

4. Encourages ConnDOT to apply the techniques used to inform the public about the progress and projected benefits of CT FastTrak (previously known as the Hartford-New Britain Busway) with information on other high profile projects such as the Stamford Transportation Center.   The report states that a “more vigorous and pro-active outreach effort...may pay dividends in lessening political headwinds and gain public support for these projects.”   Such actions “for other major transit projects such as the New Haven-Hartford-Springfield commuter rail service would also serve both ConnDOT’s and the public’s interests.”

5.  Urges State cooperation with an on-going effort by the Housatonic Railroad to develop a privately-run, unsubsidized passenger rail service between Danbury and Pittsfield.  With the commitment by Massachusetts of substantial funding for that state’s portion of the project, this proposal is starting to gain some momentum, the report indicates.

6.  Recommends “more effective dissemination of information about new and existing transit services,” recognizing that “the public does not have sufficient awareness of and information about existing transportation services to take full advantage of these services.”  The Commission indicated that this was a “recurring theme” at the Commission’s public hearings, and called for both high-tech and low-tech solutions.  The report noted that “addressing this need can be challenging,” because “ConnDOT has no dedicated marketing staff and no marketing budget,” and “marketing for individual services is often sporadic and inconsistent.” 

Additional topics were noted in the Annual Report as a result of issues raised during public testimony, including:

• the increasing popularity of cycling and the resulting demand for more bicycle amenities and facilities,
• the desire of several smaller transit districts to implement designated and signed bus stops to increase system visibility and assist their riders,
• the need for better communication on train platforms to alert riders as to which track an arriving train will be using,
• the increasing demand for inter-regional bus services, repeated accounts of train fares going uncollected, and
• the demand for bus and rail services which cross Connecticut’s boundaries into adjacent states.

The Commission is chaired by Kevin Maloney, President/CEO of Northeast Express Transportation, Inc. which operates NEXTAir, NEXTCourier and NEXTDistribution.  Commission members include Christopher Adams, Richard Carpenter, Morton Katz, William Kelaher, Yvonne Loteczka, Kevin Maloney, Edward McAnaney, Robert Rodman, Kiernan Ryan, Russell St. John, Richard Schreiner, Richard Sunderhauf, Alan Sylvestre, and John Zelinsky.  Among the ex-officio members are DOT Commissioner James Redeker, Sen. Andrew Maynard and Rep. Antonio Guerrera.

The Commission continues to meet monthly in accordance with state statute, with the next meeting scheduled for March 6 at New Haven’s Union Station.

Connecticut Talks Issues at Forums, Conferences Across State

The Connecticut legislature, now underway for 2014, is not the only place for conversation on key issues impacting Connecticut.  A range of news organizations, nonprofits, associations and community-based groups are sponsoring forums, summits and sessions to better-inform the public and bring interest and attention to specific issues.  Among them:

February 10  - Hartford’s Edgy Arts, Mark Twain House & Museum

The Hartford area attracts an array of creative people from actors to musicians, poets to painters.  What is it that so draws artists?  What to they need to flourish here?  A discussion of the creative economy, in the Capitol City.  Refreshments at 5:30; panel discussion at 6:15.  Advance articles published in The Hartford Courant; a program of Hartford Young Professionals & Entrepreneurs (HYPE), FOX Connecticut and The Hartford Courant.

February 20 - Pay-for-Success Informational Conference, Legislative Office Building

National leaders from the emerging field of Pay for Success will be speaking, with a focus on three key elements: 1) Offering high-quality preventative services; 2) Requiring rigorous measurement of results; and 3) Capturing savings or avoided costs. The 2014 Pay-for-Success (PFS) Informational Conference, 10:00-12:30 PM, will offer interested stakeholders the chance to discuss the field with leaders from around the country, while hearing about projects underway in the areas of early childhood, juvenile recidivism, health care and workforce development.  Sponsoring organizations include BlumShapiro, Connecticut Institute for the 21^st Century, Capitol Region Council of Governments, Connecticut Center for Social Innovation, Community Impact Strategies Ltd, and Connecticut Association for Human Services.

February 24 -  The Knowledge Economy; Connecticut Conference of Independent Colleges, CT Mirror, Quinnipiac University

Connecticut is home to almost 50 colleges and universities and has created an industry in surrounding towns and cities. What is expected as we continue into the 21st Century? Join the Connecticut Conference of Independent Colleges and The Connecticut Mirror in the lively discussion, "The Knowledge Economy," on Monday, Feb. 24 , from 7-9 p.m., in the auditorium at the Quinnipiac University Frank H. Netter MD School of Medicine. This event is free and open to the public. No registration is necessary.  Panelists include Sal Filardi - Vice President, Facilities & Capital Planning, Quinnipiac University; Rich Jacob - Vice President for Federal and State Relations, Yale University; Todd Andrews - Vice President for Economic & Strategic Development, Goodwin College and Jeff Seemann - Vice President for Research, UCONN.

February 26 - Vital Voices in Entrepreneurship, Goodwin College

A special speaker series focused on the first-hand perspectives of leaders making a mark in business and the community. The next event at Goodwin College's Community Room on February 26 will feature Stew Leonard, Jr., President and Chief Executive Officer of the unique, family-owned and operated farm fresh stores, Stew Leonard's. The keynote address will commence at 6:00 p.m., preceded by a networking reception at 5:00 p.m. with wine, beer and hors d'oeuvres.

February 28 – Retrofitting Our Towns:  Can We Add Density, Affordability and Walk-ability to Help Municipalities Survive…And Thrive?  The Lyceum, Hartford

Can suburbs and smaller towns reshape and respond to the demographic, economic and lifestyle pressures of the 21^st Century?  One of the nation’s leading experts – Lynn Richards of the EPA Office of Smart Growth – assesses four Connecticut municipalities and offers lessons for all the others.  Program 9:00-111:00 AM.  Sponsored by the Connecticut Main Street Center, Partnership for Strong Communities and the American Planning Association - Connecticut.

March  7  - An Honest Look at Mental Illness, Connecticut Forum, The Bushnell

The Connecticut Forum presents a conversation about perceptions, realities, and what it’s like to work and live with the stigma of mental illness.  Panelists include journalist and mental health advocate Andrew Solomon, Dr. Hank Schwartz, Chief of Psychiatry at Hartford’s Institute of Living, former NBA player Royce White and bipolar disorder authority Dr. Kay Redfield Jamison.   Founded in 1992, The Connecticut Forum is a one-of-a-kind 501(c)(3) nonprofit organization serving Connecticut and beyond with live, unscripted panel discussions among renowned experts and celebrities, and community outreach programs including the award-winning Connecticut Youth Forum.

March 14 – Hartford Business Journal Municipal Collaboration Summit, Goodwin College

An opportunity to learn about the benefits of collaboration which save money and leverage the purchases and agreements for towns.  The event will highlight people that are already implementing positive changes.   Panel discussions, workshops and Q&A with key leaders and a panel of experts.

March 26 - Student Debt and Financial Aid: What (if anything) can we do?, Southern Connecticut State University

Sponsored by the Center for Higher Education Retention Excellence, 9AM-3PM, at Southern Connecticut State University, featuring Sandy Baum, Research Professor of Education at the George Washington School of Education and Human Development and Senior Fellow at the Urban Institute, and  panel of Connecticut financial aid directors (representing a public university, community college and private college) and a student panel.  Registration now available; limit 75 attendees.

Land of Steady Habits: CT Ranks #37 in Divorce Rate

Connecticut’s divorce rate ranks the state #37 in the nation in the percentage of residents who are divorced.  According to the U.S. Census Bureau’s American Community Survey, 10.6 percent of state residents are divorced, 1.4 percent are separated, and 48.2 percent are married.

The highest divorce rate was in Nevada, at 14.6 percent.  Right behind Nevada are Maine (14.2 percent), Oklahoma (13.5 percent), Oregon (13.4 percent), Arkansas and West Virginia (13.3 percent), Florida and Kentucky (13.2 percent).

The lowest divorce rates were in New Jersey, 8.6 percent, New York, 8.8 percent, and the District of Columbia, 9.2 percent.  Utah, Pennsylvania, and Hawaii were tied at 9.5 percent.

The state with the highest percentage of the population married was Utah, at 55.7 percent, followed by Idaho (55 percent) and Wyoming (52.9 percent).  Connecticut has the 31^st highest percentage of married people among the states, at 48.2 percent.  The state was in a tie for 11^th in percentage of population who were separated.

The U.S. Census data was from calendar year 2012, the most recent data available comparing states, and was reported by Bloomberg Visual Data.

Hartford as Global City: Immigrant Civic Engagement Initiative Gains Recognition

Hartford is quite an international city, a melting pot of cultures and backgrounds that most assume is the exclusive province of major metropolitan areas such as New York and Boston.  But in language, nation of origin, and cultural traditions, virtually every corner of the globe is represented in Connecticut’s Capitol City, and its surrounding communities.

In fact, Hartford is a popular resettlement city, with about 25 percent of the city’s population recent immigrants.  To respond to the significant need among the various immigrant communities for assistance and guidance in navigating language barriers and cultural differences and more fully integrating into their new home community, a partnership of Hartford-based organizations stepped up in a way that has proven quite effective, and is gaining national recognition.

The Hartford Public Library received funding in 2010 for an Immigrant Civic Engagement Project through the Institute of Museum and Library Services (IMLS), to develop a comprehensive program to promote immigrant civic engagement.  The initiative had two goals:

• Facilitate the transition of newly arrived immigrants into the community and build trusting relationships of mutual understanding between new and longtime residents

• Engage established immigrants in civic integration and facilitate their involvement in broader community building efforts

At the annual conference of the international Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA), hosted recently by Hartford and held at the Connecticut Convention Center, the leaders of the ground-breaking Hartford partnership were called upon to lead a session to outline their work for those who may seek to emulate it in other communities across the country.

Among the presenters was Richard Frieder, Director of Community Development & Civic Engagement within the Cultural Affairs & Public Programming Department and Center for Civic Engagement of the Hartford Public Library.  Frieder was joined by Homa Naficy, Chief Adult Learning Officer and Nancy Caddigan, Intercultural Liaison of the Hartford Public Library, and Kyle Barrette and Rebecca Thomas of the UConn School of Social Work.

Innovative Approaches, Impactful Outcomes

Their session, called “Innovative Approaches to Community Development in a Challenging Economy and Changing Society,” was well-received by conference participant from across the country.  They focused on “effectiveness, evaluation and programs,” outlining what was done and why – and how it all worked.

• They described an effort that engages immigrants and “receiving” community members, social service providers and other immigrant advocates, highlighting the importance of building networks of trusting relationships.
• The initiative provided an opportunity to address immigrant voices isolated from the mainstream, respond to language and economic barriers, and address the lack of engagement in community and civic associations.
• The program featured “cultural navigators” – some of them bilingual - and community dialogues – held at the Library’s American Place - all aimed at improving the immigrant experience in Hartford.

Most of all, it created bonds between existing members of the community – many of them retired teachers and social workers who volunteered to be “cultural navigators” – and immigrants looking to adjust to their new land.

New connections were developed between city officials, organizations and service providers to the immigrant and refugee community, and both the immigrant community and receiving community became engaged in community building.  There was also outreach to churches, community centers and other neighborhood organizations.

Over three hundred people were involved across all activities of the three year project.

The outcomes were substantial, and included the development of strong relationships, an increased awareness of immigrant issues, integration of immigrant and refugee families within their local communities, and increased social capital for immigrant as well as receiving communities.  In addition, action teams focused on new community projects, municipal and organizational investment in immigrant and refugee issues was enhanced, and a City Commission on Immigrant Affairs was established.

UConn School of Social Work students, as part of the grant-funded initiative, served as program evaluators, maintaining a rigorous evaluation of outcomes, and an audit trail of activities so that the entire project could be replicated.

At the end of the day, organizers hope that the program has effectively “changed the way that people think about immigrants – and the Capitol City.”  Hartford is a global community.  And it has produced a program that can help immigrants here and elsewhere to settle in and excel.

From Connecticut, Only Hartford Region Reaches Top 50 Best Cities for Job Growth

The rankings of Best Cities for Job Growth don’t place Connecticut’s major metropolitan areas  within reach of the top of the list.

Among the nation’s large-sized cities, "Hartford-West Hartford-East Hartford" made the top 50, ranking at #47 in the latest list from the website newgeography.com.  Leading the 2013 list were metropolitan San Francisco, greater Nashville, and Salt Lake City.  The rankings used four measures of growth to rank all 398 metro areas for which full data sets were available from the past 10 years.  The Hartford region dropped four slots from the 2012 rankings.

New Haven ranked at #65 among the medium-sized cities, just behind Fresno, California and Scranton-Wilkes-Barre, Pennsylvania.  Leading the list were Boulder, Colorado and Provo-Orem, Utah.  The highest ranked New England community was Framingham, Massachusetts, at #30.  The only other city from the region to reach the list was Springfield, Massachusetts, at #91. 

Among the leading Small Cities, Danbury was the highest ranked in Connecticut at #111, with Waterbury at #223, and Norwich-New London at  #233, on a list of 241 small cities.  Topping the list were Midland and Odessa, Texas followed by Columbus, Indiana; Cleveland, Tennessee; San Angelo, Texas and Owensboro, Kentucky.

"Large" areas include those with a current non-farm employment base of at least 450,000 jobs. "Midsize" areas range from 150,000 to 450,000 jobs. "Small" areas have as many as 150,000 jobs. The rankings reflect the current size of each MSA’s employment. Only two MSAs changed size categories, with Honolulu, HI moving from “Midsized” to “Large” and Savannah, GA moving from “Small” to “Midsized.”

In the overall rankings, Bridgeport-Stamford-Norwalk was #348, Waterbury ranked #380, and Hartford placed at #229.  All the leading Connecticut metropolitan areas dropped in the rankings in 2013, compared with 2012.

NewGeography.com, based in North Dakota and California, is a site devoted to analyzing and discussing “the places where we live and work.”   It includes “insights on economic development, metropolitan demographics, and community leadership.” 

The index is calculated from a normalized, weighted summary of: 1) recent growth trend: the current and prior year's employment growth rates, with the current year emphasized (two points); 2) mid-term growth: the average annual 2007-2012 growth rate (two points); 3) long-term trend and momentum: the sum of the 2007-2012 and 2001-2006 employment growth rates multiplied by the ratio of the 2001-2006 growth rate over the 2007-2012 growth rate (two points); and 4) current year growth (one point). The rankings include all of the metropolitan statistical areas (MSAs) for which the Bureau of Labor Statistics reports monthly employment data.

newgeography.com Executive Editor Joel Kotkin is distinguished Presidential Fellow in Urban Futures at Chapman University in Orange, CA and an adjunct fellow with the Legatum Institute in London. He is author of seven books including his most recent, The Next Hundred Million: America in 2050 from Penguin Press and is affiliated with the Praxis Strategy Group and the Center for an Urban Future.

Wide-Ranging Actions Needed to Respond to Growing Alzheimer’s, Dementia Population in CT, Task Force Reports

In a 50-page report to the Connecticut legislature, the Alzheimer’s Disease and Dementia Task Force has outlined a series of 14 wide-ranging recommendations aimed at responding to the needs of a growing number of individuals and families facing the challenges of Alzheimer’s and dementia in Connecticut.

The recommendations include promoting public awareness and best practices including development of an education program for bank personnel, stepped-up dementia-specific training of health care professionals , court personnel and first responders, and improved support of informal caregivers.

The Task Force is urging “mandatory dementia-specific training for hospital emergency room staff, including nurses, physicians and medical technicians,” which may require legislation in the upcoming General Assembly session.  In addition, the Task Force – in another initiative likely to be the subject of legislation- calls for basic level of dementia training for public safety responders, long-term care ombudsmen, protective service employees probate judges and court personnel.

Recognizing that “there are few Alzheimer’s and dementia training requirements for health care professionals and facilities,” the Task Force outlines a series of “detailed recommendations for dementia-specific training requirements across the continuum of care,” including home and community based services such as home health aides, homemakers and companions and personal care assistants.

The report also called for an analysis of the financial impact of developing a Dementia Centers for Excellence (COE) or geriatric assessment units at Connecticut hospitals.

The 25-member task force was formed by the legislature last year, and was administered by Connecticut’s Legislative Commission on Aging.  It was co-chaired by State Rep. Joseph Serra and Department on Aging Commissioner Edith Prague.  The Alzheimer’s Association of Connecticut worked with policymakers on introducing legislation that created the Task Force.  The Task Force met six times over four months, breaking into three subcommittees, which each met 4-6 times, to develop the final recommendations.  The committees focused on 1) Early Detection, Intervention and Planning, 2) Quality Care, Service Delivery and Care Management, and 3) Workforce Training and Development.

According to the Alzheimer’s Association, there are an estimated 70,000 individuals with Alzheimer’s or other dementia.  An estimated 60 to 70 percent of older adults with Alzheimer’s disease and other dementias live in the community, compared with 98 percent of older adults without Alzheimer’s disease and other dementias.  Of those, 75 percent live with someone and 25 percent live alone.  The recommendations also call for:

• Creation of a public/community awareness campaign through partnerships with agencies and organizations including the Alzheimer’s Association, AARP and Area Agencies for Aging, as well as faith-based and immigrant communities, business/corporate associations, the medical community and resources such as 211.
• Dissemination of informational packets to be distributed at doctor’s offices, pharmacies, senior centers and other locations
• Promotion of Medicare Annual Wellness visits which include a cognitive impairment assessment

• Development of a “bank reporting project” which will train bank employees about “potential red flags” that indicate suspicious activity.  The reported noted that “cognitive impairment poses the most significant risk for exploitation, and bank personnel may be in a unique position to detect financial exploitation of older adult and individuals with dementia.”

To provide greater support for informal caregivers of individuals with dementia, the Task Force is urging development of a “train the trainer” dementia course based on the existing Alzheimer’s Association leaders’ training, and drawing on the model of the American Red Cross’ CPR training program to offer “accessible and affordable dementia education to caregivers.”

The Task Force is urging an increase in state funding to expand the Connecticut Statewide Respite Care Program, and to expand and set aside slots for individuals with younger onset Alzheimer’s disease in the Connecticut Home Care Program for the Disabled.

The report also would have the Department of Motor Vehicles “explore policies and regulations related to revoking drivers licenses” and calls on the agency to “take a proactive approach in educating physicians about reporting unsafe drivers to the DMV.” The Task Force also calls for establishment of a care manager registry at the Department of Consumer Protection, a new licensure model at the Department of Public Health for homemaker and companion agencies and collaborative initiatives with the Department of Social Services.

Julia Evans Starr, Executive Director of Connecticut’s Legislative Commission on Aging, said “It is well-documented that Alzheimer’s and related dementias exact a devastating toll not only on sufferers of the disease, but on the emotional and physical health of their caregivers. Sound public policies that help alleviate emotional and physical stress on affected individuals and their families are imperative, as well as giving these folks choices on receiving care in their communities rather than institutions.”

Dementia is an umbrella term describing a variety of diseases and conditions that develop when nerve cells in the brain die or no longer function normally.  Different types of dementia area associated with distinct symptom patters and brain abnormalities.  Alzheimer’s is the most common type of dementia, which causes problems with memory, thinking and behavior.  Over 5 million Americans of all ages have Alzheimer’s, including one in nine people age 65 and older (11 percent).  That number is expected to increase as the elderly population increases in the coming years.

Volatility Seen by High Net Worth Investors; Connecticut Views Differ From Region, Nation

Connecticut’s high net worth investors, coming off a year of substantial profits from Wall Street, remain optimistic, if cautious, about 2014.  There are, however, distinct differences in how and where they view investment opportunities, as compared with investors nationwide, and even compared with those in neighboring New York and New Jersey.

A newly released survey conducted for Morgan Stanley Wealth Management, found that high net worth investors – those with $100,000 or more in investable household financial assets – were both realistic and optimistic about the immediate investment horizon, according to Bradley Barber, Executive Director and Family Wealth Director for Morgan Stanley Wealth Management serving coastal Connecticut, based in Greenwich.

The survey reflects “cautious optimism,” Barker said, indicating that investors understand that the 30 percent returns of 2013 are not likely to be repeated this year, but that potential remains for solid gains.  “It’s a time to navigate the waters, not pull in the oars,” Barber told Connecticut by the Numbers.  “It is a market of stocks, not a stock market.  The high net worth investors surveyed were prescient about the volatility in the market we’ve seen since the first of the year.”

In the New York-New Jersey-Connecticut region, 86 percent of high net worth individuals said they expect their investment portfolios to be “better” or “the same” at year-end, and 84 percent believe their financial well-being will be the same or better.  At the same time, three-quarters of respondents said they were concerned about stock market volatility.  Among the top concerns of investors in the region are U.S. economic prospects (86%) and the federal budget deficit (83%).

Views on Industry Investment Potential Vary

There were also marked differences in the perceptions of investment potential for various sectors of the economy.  Those most favored as “good” investments nationally were technology (79% nationally, 72% in CT), energy (77% nationally, 66% in CT), bio-technology (63% nationally, 67% in CT), and pharmaceuticals (56% nationally, 61% in CT).  Connecticut policy makers have devoted financial resources to strengthening the state’s bio-technology industry in recent years, which may have contributed to the stronger upbeat attitudes here towards the sector as an attractive investment option.

The rocky national roll-out of the affordable health care act, and its comparatively smooth path in Connecticut, may also have been reflected in the survey findings.  Unlike the national results, those surveyed in the tri-state area viewed healthcare among the favored sectors for 2014 - 55% “good” in the tri-state region vs. only 45% nationally.

Other industry sectors that have a strong presence in the state and region, however, did not fare as well.  Aerospace was seen as a “good” investment choice by only 25 percent of those surveyed, both nationally and in the tri-state region.  Insurance was viewed favorably by only 30 percent of high net worth investors, both in the region and nationwide.  Those numbers, Barber said, should be “concerning” for Connecticut’s economic prospects.

Factors Close to Home of Greater Concern

Overall, the survey indicates that Connecticut’s high net worth investors have more concerns about internal factors, while New York residents expressed greater concerns regarding external factors, such as the possibility of terrorism or foreign entanglements.  Connecticut investors were more concerned than their regional and national counterparts with regard to their families’ financial well-being or the ability to have sufficient funds to retire in their region of the country.  While 53 percent of those in Atlanta and 59 percent nationally expressed concern over their families financial well-being, in the tri-state region seven in ten (70%) expressed that concern, with the highest numbers in the region in Connecticut.

Connecticut’s high net worth investors, Barber said, are a savvy lot, reflecting greater knowledge of investments than the national numbers reflect, yet more than 7 in 10 say they consult financial professionals.  Another clear distinction came in the percentage of investors who said dividend-bearing stocks are a good investment:  49 percent nationally, 61 percent in the tri-state area, and 71 percent in Connecticut.  “There are clear indications that Connecticut’s high net worth investors are focused on opportunity,” Barber said.

High net worth investors, overall, are bullish on America.  In the tri-state region 61 percent of those polled said the U.S. was their first choice for a positive investment outlook for 2014, even higher than the 52 percent who expressed that view nationally. There were also differences across the country in the issues of particular concern to high net worth investors.  Regarding terrorism, 82 percent in the tri-state area, 66 percent in San Francisco and 63 percent in Denver indicated concerns, for example.

As part of the national survey of 1,004 US investors, age 25 to 75, with $100,000 or more in investable household financial assets, an oversample of about 300 tri-state area investors were interviewed. Approximately one-third of those interviewed had $1 million or more in household financial assets. The poll, released on January 29, 2014, was conducted October through December 2013, by GfK Public Affairs and Morgan Stanley Corporate Communications.

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Pay Inequality Gap Widens in Greater Hartford; 8th Largest in U.S. Since 2008

If you thought the earnings gap between the “have’s” and “have-nots” in the Greater Hartford region has been widening in recent years, new data indicates your impression is correct.  The Hartford-East Hartford-West Hartford region ranks #8 among the nation’s metropolitan areas with the largest widening gap in employee earnings, when comparing those making less than, or more than, $50,000. The data was compiled from the U.S. Bureau of Labor Statistics.

Between 2008 and 2013, the gap in the increase in pay between those earning less than $50,000 and those making more than $50,000 was $5,347 – the eighth largest gap in the nation.  The pay increase for the lower paid employees since 2008 was an average of $44, compared with a $5,391 average increase among those earning more than $50,000.

In analyzing the data, Bloomberg ranked the 49 metro areas with the most employed people on the difference in pay since 2008 between those earning more than $50,000 and those earning $50,000 or less.  Occupations with both annual median pay and total employment numbers were included. On average, more than 500 occupations in each Metropolitan Statistical Area were studied.

The widest gap was in the Washington-Arlington-Alexandria metropolitan area, at $9,603, followed by San Jose-Sunnyvale-Santa Clara at $7,837, and Riverside-San Bernadino-Ontario at $7,065.  Also with a wider gap than the Hartford region were metropolitan Sacramento ($6,368), the New York metropolitan area ($6,243), greater Orlando ($5,895) and metropolitan Oakland ($5,830).

The only big city in the U.S. where the gap between highest and lowest earners has narrowed since 2008 is Memphis, TN.

In the survey methodology, annual pay was employee-weighted and included base salary, cost-of-living allowance, guaranteed pay, hazardous-duty pay and incentive pay - commissions, production bonuses and tips. The analysis was released in December 2013, using the most recent data available.