Connecticut’s apprenticeship program presents a great opportunity for young people like Jake, but constraints on the number of apprentices an employer can hire may limit that opportunity for many others.
Everyone knows that living in Connecticut is expensive, but how far will $100 get you in the Nutmeg State? A state-by-state study conducted by the Tax Foundation purports to answer that very question. Using the 2014 price index from the U.S. Bureau of Economic Analysis, the Tax Foundation found that in Connecticut $100 only translates to $91.91 in actual purchasing power.
Aetna assured Connecticut lawmakers that it will leave most of its employee workforce in Hartford and would only move its top executives to its new location in New York City. But even the loss of the top five executives at the insurance giant will cost Connecticut millions in lost tax revenue. The five top executives, including CEO Mark Bertolini, earned a combined $49.2 million in 2016, according to Morningstar, a stock-trading and investment research company.
In what is becoming an all-too-familiar occurrence, the CEO of a major Connecticut company issued a politely-worded piece asking state lawmakers to “take the steps necessary to support the long-term economic sustainability of the state.” Stanley Black & Decker CEO Jim Loree penned an op-ed to the Hartford Courant Friday asking lawmakers to get Connecticut’s finances under control without once again raising taxes.
Connecticut has experienced remarkably slow growth in personal income, according to a study conducted by Pew Charitable Trusts, and that slow growth may be tied to Connecticut's declining population. Two separate studies - one showing personal income growth across the states and the second showing which states gained and lost population - appear to have a lot in common.
For a minute let’s set aside Connecticut’s desperate need for a budget that gets us off the deficit rollercoaster and celebrate the legislative successes of this session. These are the kind of bills that can help turn Connecticut around. Two bills (Senate Bill 191 and House Bill 5764) cut red ...