It was a busy week at the Capitol with various committees meeting and holding public hearings. The Progressive Caucus unveiled their legislative proposals this week, and no surprise they are proposing a more progressive tax […]
labor
Only sixty-five cents of every tax dollar actually goes toward funding Connecticut’s state government, the rest goes toward supporting the “legacy costs” of massive debt, pension and healthcare costs.
That fact was pointed out by former Webster Bank CEO and co-chair of the Commission on Fiscal Stability and Economic Growth, Jim Smith, during an extensive hearing on the various difficulties — both fiscal and economic — facing Connecticut.
**For full charts, graphs and citations please download the PDF** Letter from the Yankee Institute Connecticut’s pension crisis has been devastating for the state. The rising costs of paying for the state’s pensions have led […]
**For full charts, graphs and works cited please download the PDF** EXECUTIVE SUMMARY Taxpayer dollars directly subsidize government unions, because state employees are allowed to work for the union – rather than the public – […]
by Andrew BiggsSeptember 2015 A Note From the Yankee Institute Since 2011, Connecticut lawmakers have passed the two of the largest tax increases in state history. Even with this huge influx of taxpayer dollars, the state […]
