Connecticut saw a 1,600 decrease in “nonfarm industry” positions in December, while November private sector gains (3,300) were revised down to only 300, according to the latest report issued by the state Department of Labor […]
Eviction cases in Hartford and Bridgeport have remained far below historical averages since the Supreme Court overturned the federal eviction moratorium, according to an analysis by Eviction Lab at Princeton University. Researchers found that in […]
A survey of 900 chief executive officers 700 executives in the United States and globally found that labor shortages and inflation are their top two concerns in 2022, according to a new report by The […]
Reports from both lawmakers and real estate agents indicated that during the COVID-19 pandemic of 2020 and 2021, scores of wealthy New Yorkers fled the city and bought up homes in Connecticut, but numbers from […]
The U.S. Bureau of Labor Statistics announced that inflation in 2021 had hit 6.8 percent, a rate not seen since 1982, but, according to some economists, the reality may be much worse and that could […]
Connecticut’s first Chief Manufacturing Officer Colin Cooper announced that he is leaving the position after two years on the job. Cooper addressed his departure during a meeting of the Manufacturing Innovation Fund advisory board. Cooper […]
Complete recording of Yankee Institute’s A View to ’22 virtual forum on Connecticut and the national economy with Donald Klepper Smith, Dr Fred Carstensen and Curtis Dubay moderated by Ken Girardin and Marc Fitch . […]
Senate Republican Leader Kevin Kelly, R-Stratford, called on Sen. Richard Blumenthal to urge Democrats in the Connecticut General Assembly to reject the Transportation and Climate Initiative, which would increase the price of gasoline by forcing […]
With the passage of President Biden’s infrastructure package, Connecticut will see a projected $5.6 billion come to the state to support bridge and highway construction, railroads and broadband extension, among other projects. That could mean […]
Connecticut borrowed over $700 million from the federal government to bolster its underfunded Unemployment Insurance Trust Fund after the forced closure of businesses during the COVID-19 pandemic put hundreds of thousands of people out of […]
The Connecticut State Legislature will begin its 2023 session on January 4th and will adjourn on June 7th. The “long session,” as non-election years are called in Hartford, will be centered around the biennial budget. The Office of the State Comptroller reports that state government found a way to spend $47.11 billion in 2022 and, if trends continue, we can expect that number to grow even more going forward. Concerns over energy prices, inflation, and general cost of living continue to dominate the headlines and the threat of a recession hovers over economic forecasts.
What will our elected officials be working on to improve policy outcomes for Connecticut residents? What tax reform proposals will there be? What can be done to lower home heating bills? How will state and local budgets be affected by fewer federal resources? How will schools be implementing to curriculum requirements?
While we wait to see the thousands of individual and committee bills that while dominate the myriad policy debates this year, Yankee Institute is hard at work promoting free-market solutions to the problems we face from Stamford to Putnam and Mystic to Salisbury. To that end, we have produced a new edition of our Charter for Change. The Charter provides commonsense reforms to make Connecticut’s government work for its residents.
Though the list of reforms may be exhausting to review, it is far from exhaustive! And that’s why we want to work with you to build a broad-based coalition to encourage sound policy reforms to enable Connecticut residents to forge a better future for themselves and their families.
It’s also imperative that we do so. As we noted in a report and CT Mirror op-ed last year, the debate over whether we’re in a national recession really misses the point for Connecticut residents. We had more people employed in the private sector in 2007 than we do today. Our economy has grown at one of the slowest rates in the nation for the past decade, and we are getting outpaced year after year. We’re not attracting innovation and industry. We’re losing some of our best and brightest as they seek other parts of the country where it’s easier to make a living.
But together, we can reverse this trend.
At Yankee Institute, we know Connecticut is a state with boundless opportunity, and we intend to help make our state more than a place where people are just able to make ends meet! Connecticut should be a place where everyone can thrive – and with your help, it will be.