“The overwhelming majority of Connecticut manufacturers still consider the state to be unfriendly to business.” So says The Connecticut Post in writing about the challenges that manufacturers face here, while states like Texas, North Carolina and Florida may lure them away.
Superior Court judge James Graham today dismissed a lawsuit brought by the Roger Sherman Liberty Center that challenged the state budget on Constitutional grounds. The state Constitution requires a balanced budget. The center argued since expenditures exceeded revenue outlays by more than 1.5 billion dollars when the budget was adopted by the general assembly, Governor Malloy’s Plan A budget was not in balance and therefore unconstitutional. It was the kind of judicial decision that attempts to square a circle. Only[...]
The Truth About the State Pension Crisis – Separating economic myth from economic fact. Editor’s Note: Reason columnist Veronique de Rugy appears weekly on Bloomberg TV to separate economic fact from economic myth. Myth 1: Unfunded state pensions do not represent an immediate threat and are therefore not in crisis. Fact 1: In the best case scenario, some state pension funds will run out as soon as 2017. And the longer the states wait to fully fund their pensions,[...]
Raising the Income Tax may be good politics, but it is bad policy. Nearly every state in the country has budget problems. Solving these problems will require reducing spending or increasing taxes or both. The arguments for each are emotionally charged, highly partisan, and rarely supported by persuasive policy analysis. Connecticut is no exception to the usual dogma accompanying taxing versus cutting arguments, but we are an exception when it comes to the availability of persuasive policy analysis regarding taxes.[...]
Fresh from the Democratic Party’s web site, here is Democratic Party chieftain Nancy DiNardo’s reaction to the budget deal that Gov. Dannel Malloy wrested from union representatives: “Thank you to Governor Malloy, Lt. Governor Wyman, the state employees, and the Democratic leadership in the Assembly for this major accomplishment. This is a critical first step, and there is more work to do, but this is definitely a good day for Connecticut taxpayers. This is what shared sacrifice and real leadership[...]