Connecticut’s current year budget deficit increased once again, rising another $66 million over the previous estimate and topping out at $96 million, according to a budget report for the Office of Fiscal Analysis. This marks […]
As lawmakers await a drafted bill version of Gov. Ned Lamont’s new transportation plan, which would include tolls on large trucks, Senate President Pro-Tem Martin Looney, D-New Haven, said legislative leaders have not determined how […]
At a press conference Friday, Senate Democrats announced plans to once again try to pass legislation limiting what employers can talk to their employees about during mandatory meetings – known as “captive audience” legislation. Senate […]
At a press conference Thursday, Senate President Pro-Tem Martin Looney, D-New Haven, announced Senate Democrats will push back against municipal zoning restrictions that make it difficult for low-income families to get affordable housing in suburbia. […]
A litany of sexual harassment, inappropriate behaviors and even assault allegations have been lodged against male officials within the Service Employees International Union in an on-going lawsuit against the union. Plaintiff Mindy Sturge, a coordinator […]
The Transportation and Climate Initiative is pushing for a regional cap and trade system on gasoline distributors to fight climate change, invest in mass transit and fight for climate justice, but scientific modeling suggests the […]
Connecticut saw a net loss of 9,869 income tax filers between 2017 and 2018, constituting a loss of adjusted gross income totaling $1.1 billion, according to the Internal Revenue Service. The breakdown of earnings relative […]
During his hour-long interview with WTIC 1080, Gov. Ned Lamont fielded questions from callers, one of whom questioned why the state diverted $170 million in vehicle sales tax from the Special Transportation Fund. The governor […]
Connecticut received a “B” rating in a new report that ranks states based on the transparency of economic development incentives given to businesses to either move into, or remain, in the state. It was the […]
Yankee Institute research cited in an article on how higher state taxes and hedge funds’ fading fortunes have taken their toll on Greenwich. Jan. 9, 2020.
The Connecticut State Legislature will begin its 2023 session on January 4th and will adjourn on June 7th. The “long session,” as non-election years are called in Hartford, will be centered around the biennial budget. The Office of the State Comptroller reports that state government found a way to spend $47.11 billion in 2022 and, if trends continue, we can expect that number to grow even more going forward. Concerns over energy prices, inflation, and general cost of living continue to dominate the headlines and the threat of a recession hovers over economic forecasts.
What will our elected officials be working on to improve policy outcomes for Connecticut residents? What tax reform proposals will there be? What can be done to lower home heating bills? How will state and local budgets be affected by fewer federal resources? How will schools be implementing to curriculum requirements?
While we wait to see the thousands of individual and committee bills that while dominate the myriad policy debates this year, Yankee Institute is hard at work promoting free-market solutions to the problems we face from Stamford to Putnam and Mystic to Salisbury. To that end, we have produced a new edition of our Charter for Change. The Charter provides commonsense reforms to make Connecticut’s government work for its residents.
Though the list of reforms may be exhausting to review, it is far from exhaustive! And that’s why we want to work with you to build a broad-based coalition to encourage sound policy reforms to enable Connecticut residents to forge a better future for themselves and their families.
It’s also imperative that we do so. As we noted in a report and CT Mirror op-ed last year, the debate over whether we’re in a national recession really misses the point for Connecticut residents. We had more people employed in the private sector in 2007 than we do today. Our economy has grown at one of the slowest rates in the nation for the past decade, and we are getting outpaced year after year. We’re not attracting innovation and industry. We’re losing some of our best and brightest as they seek other parts of the country where it’s easier to make a living.
But together, we can reverse this trend.
At Yankee Institute, we know Connecticut is a state with boundless opportunity, and we intend to help make our state more than a place where people are just able to make ends meet! Connecticut should be a place where everyone can thrive – and with your help, it will be.