Gov. Dannel Malloy’s $10 million bond for a new study on tolls sailed through rough waters during the Bond Commission meeting today, but ultimately the governor had his way.
Sen. L. Scott Frantz
Connecticut’s bond commission approved over $80 million in economic assistance for 16 different companies — including giants like Electric Boat, Walgreens and PriceWaterhouseCoopers — but the grants and loans drew some critical questions from panel members.
Connecticut has long been known for having a high population of wealthy individuals, but according to a recent report Connecticut has fallen far behind other states in producing new millionaires. Among the nine states which have the highest number of millionaires, Connecticut had the slowest growth in the number of households earning over $1 million, according to a report by the New York-based Empire Center for Public Policy.
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.