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Governor Lamont claims to be engineering the Connecticut Comeback. Not so fast. Immediately before he first took office in 2018, the state’s long-term debt was $83.4 billion. The latest state financia...
It doesn't appear that the consequences of each new guardrail in CT were given appropriate legislative review prior to the adoption.
The guardrails produced genuine benefits, but reenacting them without reexamining them was a missed opportunity in CT.
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The Volatility Cap sets a threshold for certain volatile revenue streams (like the income tax that can swing up and down from year to year). Any excess of these revenues must be deposited into the rainy day fund or into the state’s underfunded pensions for teachers and state employees.
Ned Lamont won a convincing victory in last week’s election. Congratulations are in order. Citizens should extend him the same honeymoon that his challenger would have enjoyed. Yet, we must turn our a...