Connecticut spends $99,417 per mile of road in administrative costs, according to the Reason Foundation’s annual study on state transportation spending and effectiveness. Connecticut had the highest administrative costs in the country, which were nine times the national average of $10,864. The administrative cost per mile increased by 19 percent since the Foundation’s previous study in 2016.
Marc E. Fitch
Seven families with children in the Hartford public school system filed suit against the State Department of Education today over what they say are unfair enrollment quotas for Hartford’s magnet school system.
Connecticut lowered the discount rate of the teacher’s retirement system from 8.5 percent to 8 percent in 2016, but it still remains higher than most other states. According to NASRA the median discount rate has dropped to 7.5 percent.
The Fitch Files: Connecticut woodworking company becomes victim of national pension crisis, gets sued out of existence
Mark originally wanted a union shop so that J-Con Inc. could do business in neighboring New York and Rhode Island. He contributed toward his employees' pension fund with the carpenters union, along with health benefits and good pay. Little did he know that this would ultimately destroy his business.
Establishing tolls along Connecticut’s highways and increasing the state gasoline tax by 7 cents per gallon would allow the Special Transportation Fund to issue $1.2 billion in bonds in 2022, up from $800 million this year, according to Governor Dannel Malloy's budget proposal.
Governor Malloy’s press conference on Wednesday in which he called for tolls, a raise in the gas tax and a tire tax -- and the concomitant out-pouring of support from the heady, “right-minded” and “reasonable” Connecticut intelligentsia -- looks like a sham with the Connecticut commuter playing the sucker.