Republicans in the House and Senate put forward an amendment that could test where moderate Democrats stand on rolling back union power in Connecticut.
Rep. Vincent Candelora
The president of the Connecticut Hedge Fund Association told lawmakers Tuesday in no uncertain terms that hedge fund companies would move to other states if Connecticut imposed a 19 percent surcharge on investment management services.
A public hearing before the powerful state appropriations committee on Friday became a referendum on state employee pension benefits and the collective bargaining process that ran almost ten hours. Several speakers warned that changes to Connecticut’s collective bargaining practices and retirement benefits would cause the state to become a southern backwater.
Connecticut may be in dire straits at the moment, but some lawmakers are looking to turn things around by sponsoring bills that can help Connecticut get back on the right track. To be sure there are many more pieces of legislation introduced that deserve credit, but for now here are twelve bills in particular that will make the necessary reforms for Connecticut and its residents to grow and thrive.
In 2016 Connecticut borrowed $327.4 million for public projects, which included $4 million in fees for Connecticut agencies to oversee the projects, essentially borrowing to pay the cost of its employees. Those fees have added up to more than $61 million since 1999. Each year the state pays interest on these costs.