RTC Viewpoint: Connecticut's Dire Fiscal Condition
Written by Tim Vilinskis Governor Lamont has recently released his second biennial budget (FY22, FY23). It was a pleasant surprise to see he rejected job-killing calls from the progressive wing of his party for increases in the income and capital gains tax and a new statewide property tax. His budget does rely on one-time federal dollars and the Budget Reserve Fund (which was thankfully resurrected by the Senate Republicans in the 2017 bi-partisan budget.) Inexplicably there is an additional payment of $427B into the pension funds of “excess” money, while many in the private sector ...
Source: hamlethub.com