Connecticut saw a net loss of loss of $2.6 billion to other states in 2016, and those migrating into the state earned only 55 percent of those who left, according to a study from the Cato Institute. The study comes as Connecticut nears an election which is focused heavily on ...
Senate President Pro Temopore, Martin Looney, D-New Haven, urged lawmakers to consider legalizing the recreational use of marijuana in Connecticut, claiming it “could be a substantial revenue benefit to the state.” Chris Stiffler, an economist with the Colorado Fiscal Institute says the idea that it will bail out a state mired in deficits is not realistic. “There was this idea in Colorado that there would be an extra lane on every highway and an extra teacher in every classroom, but we’re not talking about those kinds of numbers.”
The Cato Institute released its ranking of states based on personal and economic freedom, which placed Connecticut in the bottom ten states in the nation. Connecticut dropped to 45th in the country - one spot lower than the previous 2014 ranking. The Cato Institute performs the ranking every two years and factors in personal freedom - such as marriage laws, drug and alcohol prohibitions, incarceration and gun rights - and state fiscal and regulatory policy.