Your taxes keep rising—so why is Connecticut broke? (see pdf for complete list) Connecticut residents pay the highest taxes in the entire country, second only to New York. Next year, lawmakers must close a multi-billion-dollar
Connecticut has 350 sources of revenue in the form of taxes and fees. One hundred and fifty of those revenue sources only bring in $10.5 million per year — that’s 0.05 percent of the budget!
**Download PDF to read full study. Download the full report data here. Download property tax/median income data here.** Yankee Letter: It is our local governments that we look to for many of the basic functions
Paying more for a meal at a restaurant won’t just hurt your wallet, it may also hurt Connecticut’s economy, according to a new study.
Yankee Letter Predictably, Connecticut’s budget languishes in perpetual deficit. This is because fixed costs like pension pay- ments and healthcare have risen faster than tax revenue can keep up with them. As a result, lawmakers
Letter from the Yankee Institute Running a successful business in Connecticut is a challenge. The cost of doing business is high — not just because of taxes — but also because of factors like the
Back On Track: Budget Reforms for the Long RunBy Joe Horvath, Assistant Policy DirectorSummary Five fiscal policy recommendations are outlined in this paper: priority-based budgeting, implementing the spending cap, pension reform, public employee pay and
Connecticut’s 360 Sources of Revenue (see pdf for complete list)Look for the red line – below that line are the bottom 200 sources of revenue, which bring in only $29.6 million. That’s 0.15% of total
Follow the Debt“If one wants to determine where the next global financial crisis will start,” a prominent economist recently wrote, “one might well be advised to follow the debt.”Here in Connecticut, where we face a
A Double Standard: Union Tax Policy vs. Union Duesby Zachary Janowski, Director of External Affairs, Yankee Instituteand David Goldman, Research Associate, Yankee InstituteApril 2016For footnotes and charts, please download the attached pdf.IntroductionUnions dominate government workforces