During State Treasurer Denise L. Nappier’s first year in office, she discovered a historic lack of management and controls within the state’s Second Injury Fund (Fund), which suggested a need to increase assessment rates on Connecticut businesses.
Nappier rejected recommendations to increase rates, and set about implementing reforms to improve management of the Fund, which included the appointment of a full time Controller in 1999 for the first time in the Fund’s history.
As part of the plan to make the Second Injury Fund more fiscally sound, Nappier appointed a
Blue Ribbon Commission.
She also reduced the Fund’s
long term debt and implemented a system to reduce the Fund’s