Heath W. Fahle

Commission hears testimony on the cost of Connecticut’s “dysfunctional relationship with its government unions”

Only sixty-five cents of every tax dollar actually goes toward funding Connecticut’s state government, the rest goes toward supporting the “legacy costs” of massive debt, pension and healthcare costs. That fact was pointed out by former Webster Bank CEO and co-chair of the Commission on Fiscal Stability and Economic Growth, Jim Smith, during an extensive hearing on the various difficulties — both fiscal and economic — facing Connecticut.

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The 2017 Budget: The Good, the Bad and the Ugly

What a difference a year makes. Last year, Senate President Martin Looney presided over the passage of a budget that included $1.8 billion in tax hikes and canceled tax cuts. Those tax increases fell largely on businesses and wealthy state residents. Last night, Looney seemed to repudiate his actions of a year ago, as he shepherded a budget through the Senate that included over $800 million in cuts to planned spending, and contained no major tax increases.

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