Posted inCT Viewpoints

Troubling numbers: The cost of ‘saving’

When politicians promise they can address fiscal challenges by creating efficiencies, eliminating redundancies, and leveraging expertise, we ought to take notice. A sharp manager might be able to bring a new fiscal discipline to inefficient state agencies. Reality, however, does not always conform to managerial will. Even the best designed plans sometimes fail to meet budget expectations.

Posted inCT Viewpoints

Is Connecticut at a tipping point?

Taxes are a necessary evil. They are the cost of running our government.  However, raising taxes too much ultimately reduces the total value received.  Many economists believe the paradox that the more you tax, after a certain point, the less total revenue you collect, thus reaching a tipping point.  Legislators should consider “How many taxes are too many; have we reached a tipping point; when do more taxes create diminishing returns and result in lower total tax revenues? ”

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