Gov. Ned Lamont submitted a budget proposal on October 1 that draws down Connecticut’s Rainy Day Fund by $1.8 billion, maintains the corporate surcharge tax and implements a hiring freeze to bridge a projected $2 billion budget deficit. The proposed budget would also take $25 million back from departments and ...
Connecticut’s 371 Taxes and Fees
The State of Connecticut collects revenue from more than 371 unique sources according to the latest report from the Yankee Institute. While the cost of government has increased threefold over the past 40 years, the state’s population and median income have failed to keep up. At least part of the reason may be the numerous ways in which the State of Connecticut serves as an obstacle to economic opportunity and growth.
In addition to updating the line-by-line revenue listing and the now infamous chart, Yankee also reminds citizens about the state’s ignominious list of lasts, the numerous rankings on which Connecticut is the worst in the nation.
Check out the full flyer.
Study finds Connecticut government employees earn 28 percent more than private sector, costing taxpayers $3.7 billion
An updated study published by the Yankee Institute on Wednesday found that Connecticut government employees earn 28 percent more than comparable private sector employees, largely due to public employees’ generous retirement benefits. That difference adds up to a total of $3.7 billion in tax dollars across all state and local ...