The Connecticut General Assembly is now in full swing and considering all manner of things that have vital implications for our state. Serving as a background for virtually everything is the much-discussed, discouraging financial reality facing the state. Deficits, budgetary shortfalls and the need to cut back in many areas appear to be influencing so many decisions. One bill that is being considered this year, as in recent sessions, is the Revised Uniform Arbitration Act (RUAA). A number of arguments speak to the adoption of the RUAA, but this year—especially this year, when financial restrictions pose such a stark backdrop—a careful consideration of the proposal is vitally important.
The Judicial Branch is dealing with some of its harshest financial restrictions in many years, and the situation shows no signs of quick improvement. Thus, all the more reason to allow the long-established and well-respected institution of arbitration to be available to produce its promised benefits of efficiency and cost savings.
