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State Would Have $5.2 Billion More Under Spending Cap

Connecticut would have $5.2 billion more in its rainy day fund if lawmakers had kept spending under the state’s constitutional spending cap, according to a new Yankee Institute policy brief. The Yankee Institute is urging Gov. Malloy and state legislators to honor the cap in the next two-year budget, which will be released in February. “This budget needs to be the first step toward a sustainable government and fairness for taxpayers. Lawmakers can accomplish these goals by getting state spending under control,” said Carol Platt Liebau, president of the Yankee Institute. “The spending cap is an important – and popular Read on →

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Lawmakers Have the Power to Lower Electric Bills

A simple change in Connecticut’s laws can put money back into the pockets of electricity consumers, according to a new Yankee Institute report “Restoring Power.” These savings will help those most in need – low-income residents and seniors on a fixed income. The study, written by experts at the Beacon Hill Institute at Suffolk University in Boston, found that with a single change legislators can avoid nearly $1.6 billion of increased electricity costs by 2020. The Renewable Portfolio Standards (RPS) mandates mean higher costs for homeowners, and even more so for large users of electricity like municipalities and commercial businesses. Read on →

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They’re back…

The legislature is back in Hartford – and so is the Yankee Institute. After three years “across the river” in East Hartford, the Yankee Institute has made its way back to our capitol city. (Don’t miss the invitation to see our new office at the end of this email.) Last year, we celebrated 30 years of representing taxpayers. This year, we will continue our advocacy for smarter, limited government; fairness for taxpayers; and fewer obstacles to opportunity. In particular, we ask the General Assembly to: Keep the Cap. Respecting the spending cap — a speed limit on the growth of Read on →

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Bipartisan Concern Over Herbst’s “Overly Generous” Pay Package

Although Connecticut’s median income has decreased by 4% (inflation-adjusted) since he took office, Gov. Dannel Malloy nonetheless just handed out 3%-12% salary increases to political appointees.  Too often, it seems like the government elite gets to live by a different set of rules than those for the taxpayers who subsidize them. Of course, union leaders representing government workers always want us to believe that we’re “in this together.” Well, apparently not. In fact, both Democrat and Republican leaders have expressed concern about the munificent pay package being awarded UConn president Susan Herbst — a 60% increase in the eight years she has run UConn.  By 2019, Read on →

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A Tale of Two Connecticuts

Many in Connecticut have just celebrated Christmas — some making do with less, all spending their hard-earned money to find just the right gift for the special people in their lives. Up in Hartford, Gov. Dannel Malloy played Santa Claus, too — but with your money. Despite a deficit of $31.6 million in the 2015 budget — and an administration declaring a “permanent fiscal crisis” for the state — Gov. Malloy reached into his sack and pulled out a generous $1.4 million in raises for 200 of his political appointees, some of whom received pay increases of as much as 12%. None of Read on →

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CELEBRATE WITH YANKEE…AND LARRY KUDLOW, DEC. 4

On December 4, join Yankee Chairman of the Board Rob Simmons, new Yankee President Carol Platt Liebau and Yankee Board members to honor Yankee Heroes from the 2014 elections! We had some truly outstanding candidates this past election who incorporated Yankee materials, like the List of Lasts, into their campaigns and we hope you will join us to recognize them while we celebrate Yankee’s 30th birthday. You will also have the opportunity to get a photo with our guest speaker and Yankee Champion of Freedom Award winner Larry Kudlow. Our reception appetizer menu will highlight Farm to Table goodies and Read on →

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Fighting for Opportunity, Fairness and Prosperity

The chairman of Yankee Institute’s board, Rob Simmons, was quoted in a Wall Street Journal piece discussing the outcome of Connecticut’s gubernatorial race. Of course, as a 501(c)(3), Yankee Institute does not participate in partisan politics.  But given Yankee’s mission to develop and advance policies that offer opportunity, ensure fairness and promote prosperity — and as an organization committed to the well-being of Connecticut’s people — we have a decided point of view about what governing approach will yield the best results for our citizens. In the wake of Tuesday’s election, some in the state have actually implied that proponents of less-greedy, less-intrusive government Read on →

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Celebrate with Yankee!

Please join us on Thursday, December 4th at the Stamford Sheraton for the Yankee Institute’s 30th Anniversary Gala. We’ll be celebrating with special guest and Champion of Freedom award recipient Larry Kudlow! VIP Reception 5:30 p.m. – 6:30 p.m. Includes photo opportunity, complimentary drinks and light hors d’oeuvres $400 per couple, $250 per person Yankee Reception 6:00 p.m. – 8:00 p.m. Hors d’oeuvres and beverages to be served $250 per couple, $150 per person A limited number of reserved tables are also available on a first come/first served basis. Business Attire. Click here to purchase your tickets now!

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Bottom 10 yet again

Connecticut in Bottom 10 For Business Tax Climate Other states, like New York, enacting significant tax reform EAST HARTFORD – While other states are starting to initiate significant tax reform, Connecticut still has not done anything to make its tax climate more business-friendly, despite its placement at the bottom of several rankings and its slow economic growth. Today the Tax Foundation released its 2015 State Business Tax Climate Index. Connecticut was ranked 42nd out of the 50 states. “Connecticut loses too many jobs to other states because of its high-tax environment,” said Carol Platt Liebau, president of the Yankee Institute. Read on →

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One in 20 Connecticut Residents Have Given Up Looking For Work

New research released today by the Yankee Institute for Public Policy, in conjunction with the Liberty Foundation, shows that one in 20 Connecticut residents has given up looking for work since 2008. The state’s labor participation rate dropped 4.2 percent from 2008 to 2013, from 69 percent to 64.8 percent. In addition, the state still has not recovered all the jobs that were lost in the 2008 recession. There were 23,900 fewer Connecticut residents working in August 2014, compared to January 2008. “This decline highlights the weakness of Connecticut’s economy, and shows just how incomplete its recovery from the 2008 Read on →

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