Gov. Ned Lamont’s Executive Order 7X issued on Friday April 10, ostensibly in connection with COVID-19, insofar as it relates to residential tenants has little to do with public health and much to do with currying political favor. Marisa Manley This order singles out property owners in Connecticut who rent to residential tenants, assigning extra […]
The National Highway Transportation Safety Administration reports that during 2017, 102 people died on America’s roads each day: 37,133 fatalities for the year. Many thousands more were injured – some permanently. About 70 percent of traffic accidents occur within 10 miles of home. Already this year, at least 90 people have died in collisions on Connecticut’s roads.
American politics are polarized by a two-party system in which each major party appeals to those furthest from the center. This polarization has been credibly blamed for significant dysfunction in our government, and high citizen dissatisfaction. According to Michael Porter and Katherine Gehl, writing in a September 2017 white paper published by Harvard Business School, […]
Democrats now control the governor’s office, all state-wide elected offices, the house and the senate in Connecticut. As the new office-holders converge upon us, Connecticut is facing a projected $4 billion deficit, a continuing exodus of taxpayers, and lackluster job creation. What can we expect the Democrats to do with their now complete control of Connecticut’s government?
Here are top items on their agenda:
Two candidates compete against each other for office in one of Connecticut’s electoral districts. Each candidate seeks to distinguish himself by offering a purportedly creative solution to the problem of Connecticut’s massive and growing debt for public employee pensions. Each deserves credit for an attempt to move beyond a naked demand that taxpayers pay more and receive less, but taxpayers should be informed about the potential pitfalls of each proposal, and should be aware that neither candidate is willing to address the fundamental problems creating and increasing the debt arising from Connecticut’s public employee pensions.
Based on a new study by Wirepoints released in June, Connecticut once again makes the rogue’s gallery of pensions for state employees. Most analyses of pensions focus on the unfunded liability – amounts due for which no funds have been provided. This type of analysis leads to the logical conclusion that more funding – more taxpayer dollars – is required to close the funding gap. Connecticut’s current governor and legislature have indeed been very good at raising taxes – the largest increases in our history over the last few years – but still unfunded pension obligations continue to grow.
Connecticut’s unfunded pensions for state employees – about $127 billion in debt borne by today’s taxpayers – are much talked about.
As the legislative session ended, once again, nothing was done to stem the continuing losses and increasing debt payments. Those who blocked reform may think they won, but the victory is truly Pyrrhic. Likely consequences?
If taxes are raised again, expect to see more and more people moving out of the state.