Meanwhile in Connecticut…September 6, 2017
Connecticut remains still without a budget
With rank-and-file state legislators still slated to return to the Capitol next week — potentially to adopt a new state budget — legislative leaders said Tuesday their talks still haven’t yielded consensus.
The state’s hardworking taxpayers currently face the fifth worst economic outlook in America and pay some of the highest income and property taxes in the nation, and saddling residents with additional sales taxes will only compound the state’s fiscal woes.
Some of the “highest income and property taxes in the nation” and a looming $3.5 billion dollar deficit can be included. Despite the rhetoric, compromises proposed by Governor Dannel Malloy (D-CT) and Democratic leaders all lead to higher tax burdens:
Gov. Dannel P. Malloy has offered a major compromise to end the state budget standoff, scaling back his proposed shift of teacher pension costs to cities and towns by half.
Reclaim Connecticut asked “Can Connecticut Save Itself?” and it’s a question that remains unanswered. Currently the state lingers without a budget, the capital city faces bankruptcy – a result of decades of failed “tax and spend” politics and mismanagement. State leaders once again are leaning towards tax increases, and the state’s latest exodus of people is another chapter in taxpayers walking away from a crumbing Connecticut.
Want to see more content like this?
Sign up for Email updates.