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 ...
Connecticut homeowners pay 20 percent more in property taxes than residents of its nearest neighbors, even as home values in the Nutmeg State have declined, according to a new study released Wednesday. “As a percentage of housing value, Connecticut homeowners now pay 20 percent more than New Yorkers and almost ...
Connecticut’s teacher pension debt is officially listed at $16.8 billion, but a new study says that figure might be much higher. According to a new study published by Yankee Institute, Connecticut’s discount rate for its teacher pension system is under-stating its unfunded liabilities by using too high of a discount ...
Yankee Institute is grateful to Gov. Ned Lamont and his team for their work, thus far, in trying to mitigate the economic damage being wrought on Connecticut during this time of crisis and for their response to the threat posed by the COVID-19 virus. The collapse of the financial markets ...
Far too often, Connecticut lawmakers seem content to listen to themselves talk about legislation rather than hear from the people who voted them into office. Connecticut’s complicated legislative process does more to keep voters out of government than to give them a voice at the Capitol; with a new legislative session just around ...
** For the full study including charts and graphs, please download the PDF** Yankee Letter Across Connecticut, the teacher pension system is not working for teachers, taxpayers or children. And it has the potential to fail current and future retirees if it is not equitably and carefully reformed – soon. ...