Yankee Institute Study Explains Legal Limits Imposed By Spending Cap Connecticut lawmakers regularly find themselves tiptoeing at the edge of the law while writing the state’s budget. To clarify exactly where that edge lies, the Yankee Institute released a policy brief on Monday, Connecticut’s Spending Cap: A Legal Overview. Read ...
Connecticut would have $5.2 billion more in its rainy day fund if lawmakers had kept spending under the state’s constitutional spending cap, according to a new Yankee Institute policy brief. The Yankee Institute is urging Gov. Malloy and state legislators to honor the cap in the next two-year budget, which ...
New research released today by the Yankee Institute for Public Policy, in conjunction with the Liberty Foundation, shows that one in 20 Connecticut residents has given up looking for work since 2008. The state’s labor participation rate dropped 4.2 percent from 2008 to 2013, from 69 percent to 64.8 percent. ...
You can expect some liberal populist triumphalism about the fact that, over the last six months, the 13 states that raised the minimum wage gained jobs faster than the states that didn’t. It’d be great if that turned out to be true, always and forever. But any celebrating now is ...
Don’t take it from us — take it from the Economist. A recent piece there finds that Connecticut merits only a “D” for its overall friendliness to small business. That means it’s better only than California, Illinois, Maine, Rhode Island and Vermont. Whooppee. And that’s just overall. When it comes ...
What a difference a few months can make! At the outset of this legislative year, Governor Malloy bubbled with optimism. There was going to be a big $506 million surplus, we were told — enough to “give” voters a one-time (election year) tax rebate of $55. Malloy’s optimism was not unprecedented. When the ...