Lamont’s Proposals The 2020 Legislative session began Wednesday, February 5 with Governor Lamont’s “state of the state” address where he proposed his budget adjustments and highlighted his legislative proposals. The $22.3 billion budget adjustments increase state spending by 3.7%. Revenue changes: In Lamont’s proposal, the 10% corporate tax surcharge that ...
The Department of Energy and Environmental Protection (“DEEP”) recently announced a complicated set of rules for a “shared solar” energy pilot program. There’s nothing wrong with the basic idea – allowing people who live where rooftop solar doesn’t make any sense to buy into solar farms. Where it goes wrong is the ...
It is a genuine law of economics, because it is a central law of human nature: if you tax something, you get less of it. A necessary corollary: most taxes bring in less revenue than predicted because people modify their behavior to avoid the tax. Connecticut’s elected officials have been ...
Governor Lamont hosted Govs. Baker and Raimondo recently, and reported that his fellow governors had urged him to keep on fighting for statewide tolls. He failed to note that the tolling adopted by each of those states is much more constrained than that which he prescribes for Connecticut. More importantly, ...
Governor Lamont’s expensive accounting gimmick to buy a little more breathing room in the upcoming biennial budget reveals more than just bad fiscal instincts. It demonstrates once again and beyond any doubt that this government is in large part an agent of the state’s government-employee unions, with all of us ...
Let the emblem of the legislative session, and of the last decade of Connecticut’s governance, be this new “mansion tax.” It was slipped into the budget in the last minute. It wasn’t properly vetted. It sends terrible signals to would-be entrants to Connecticut, while warning Connecticut’s current residents to get the heck out. And ...