A new annual report from Truth in Accounting found Connecticut has $67 billion in bonded debt and unfunded retirement costs, making it the third most indebted state per taxpayer in the nation. The total debt, which amounts to $50,700 per taxpayer in the state, is based on Connecticut’s 2019 financial ...
At this moment, real police reform is within reach. But last week, the House of Representatives passed a bill that continues to protect powerful labor union interests. As the Senate prepares for special session tomorrow, Yankee Institute calls for more meaningful reform. The people of Connecticut deserve legislation that will ...
A contractual wage increase for unionized state employees — totaling roughly $353 million — officially went into effect today, as Connecticut faces an unprecedented unemployment and budgetary crisis. Governor Lamont and the General Assembly have chosen once again to cower in the face of special interest groups instead of upholding fairness for taxpayers. Even as Gov. Lamont closed 36,000 ...
“At his press conference today, Gov. Ned Lamont insisted that he has no power to suspend a scheduled wage increase for state employees at a time when Connecticut is facing unprecedented unemployment and budgetary problems. He’s essentially telling us state government unions are so powerful – and their perks so ...
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 denied that funds had been diverted, labeling it a “myth.” “That’s a myth that gets ...
The U.S. Bureau of Economic Analysis released state-by-state personal income growth figures for the first quarter of 2019 that showed Connecticut near the bottom of the list, placing 48th overall for income growth. Connecticut residents’ personal income grew only 1.5 percent — the lowest in the eastern half of the ...