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Study: Kids in Connecticut are Born Broke

Kids in Connecticut are born broke – more than $27,000 in debt – because of billions in unfunded pension promises. State estimates suggest citizens owe $25 billion, but this Yankee Institute study found the real number is more than three times higher, $76.8 billion.

The state owes another $22.7 billion to cover retiree healthcare costs. To pay for these promises, Connecticut needs a plan. One solution would require raising taxes by nearly $1,500 per family, which could severely damage the economy.

Instead, the study recommends adopting defined-contribution plans – much like a 401(k) – for new state workers as soon as possible.

Read a summary of the study here.

Born Broke Full Study

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2013 Pension Data Added to CT Sunlight

EAST HARTFORD – The retired state employee with the largest pension benefit in 2013 was former Professor John Veiga, who received $283,273 according to new data compiled by the Yankee Institute for Public Policy for its online transparency database CTSunlight.org.

Veiga has had the largest pension benefit in the state since 2009.

Retiree Last Position Last Agency

2013 Pension Benefit

Veiga, John Professor UConn

$283,273

Blechner, Jack UConn Health Center

$278,342

Henken, Eleanor UConn Health Center

$246,900

Blanchette, Edward Corrections

$232,325

Hartley, Harry Professor UConn

$216,944

Judd, Richard Central Connecticut State University

$213,544

Sigman, Eugene UConn Health Center

$210,483

Dibenedetto, Anthony Professor UConn

$209,702

Raye, John UConn Health Center

$205,612

Cutler, Leslie UConn Health Center

$203,276

The entire list of state employees and calendar year 2013 pension amounts is available at CTSunlight.org.

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Malloy the 1,379th Highest Paid State Employee

EAST HARTFORD – Gov. Dan Malloy was Connecticut’s 1,379th highest paid state employee in 2013 according to new data compiled by the Yankee Institute for Public Policy for its online transparency database CTSunlight.org.

The Governor’s salary is set by state statute at $150,000. There were 1,378 state employees who received gross pay in excess of $150,000 for calendar year 2013. A list of all 1,379 employees paid more than $150,000 is available here (xlsx).

A total of 8,309 state employees were paid more than $100,000 in 2013. The state paid 62,680 full or part-time employees last year.

Among the top ten highest paid state employees in 2013, all were associated with UConn or the UConn Health Center. As in many states, high profile coaches are the state’s highest paid employees.

Calendar year 2013 marked the first year that Geno Auriemma was the state’s highest paid employee since Yankee started the CTSunlight.org database in 2009. UCONN Men’s Basketball Head Coach Jim Calhoun was the highest paid state employee in 2009, 2010, 2011, and 2012.

Employee Position Agency/Institution

2013 Gross Pay

Auriemma, Geno Women’s Basketball Head Coach UConn

$1,992,430

Pasqualoni, Paul Football Head Coach UConn

$1,629,134

Calhoun, James Men’s Basketball Fmr. Head Coach UConn

$1,485,614

Makkar, Hanspaul Chief, Division of Pediatric Dermatology UConn Health Center

$1,194,440

Ollie, Kevin Men’s Basketball Head Coach UConn

$1,182,984

Onyiuke, Hilary Chief, Division of Neurosurgery UConn Health Center

$940,676

Torti, Frank Dean, UCONN School of Medicine UConn Health Center

$931,066

Nulsen, John Director, Center for Advanced Reproductive Services UConn Health Center

$907,976

Whalen, James Director, Dermatologic and Mohs and Laser Surgery UConn Health Center

$903,238

Herbst, Susan President UConn

$616,495

The entire list of state employees and calendar year 2013 compensation amounts will soon be available at CTSunlight.org.

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Milton Friedman Day School Choice Lecture

Friedman Day

Yankee Institute Chairman Rob Simmons with the Cato Institute’s Jason Bedrick on July 31, 2013 (Credit: Heath Fahle)

The Yankee Institute honored the legacy of Dr. Milton Friedman on Wednesday, July 31 with a luncheon and policy discussion led by Jason Bedrick of the Cato Institute.

The New Britain Herald’s Scott Whipple called the event the best free lunch in central Connecticut.

Mr. Bedrick, the Director of the Center for Educational Freedom at the Cato Institute, spoke to a packed house about the merits of school choice, one of Dr. Friedman’s signature issues. His presentation is available here.

In his presentation, Bedrick highlighted the high cost of educating pupils in Connecticut, noting the deceptive practice of calculating per pupil spending based only on operating expenditures rather than total expenditures which would include capital investments, pension benefits, and other costs. Using this more accurate measure, he revealed that Connecticut’s average total cost per pupil is actually $17,500, $3,500 higher than the national average.

Bedrick, a graduate of Harvard’s Kennedy School of Government, also pointed out that public education advocates in ten states claimed that per pupil spending was 49th out of 50 in 2012.

He also unveiled new research about the transparency of state education departments in reporting public school spending. In Cracking the Books, Bedrick graded the quality of publicly available data as an “F-”, ranking Connecticut as 43rd in the nation on this measure.

Before a lively question and answer period, Mr. Bedrick suggested the benefits of a robust school choice program in Connecticut. The benefits would include:

  • Save money
  • Improve student performance
  • Raise graduation rates and college matriculation
  • Improve civic knowledge

For more information about Jason Bedrick or the Center for Educational Freedom at the Cato Institute, visit the Cato Institute or follow him on Twitter @JasonBedrick.

2013 Yankee Institute Friedman Day Presentation

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Too Small to Keep

Connecticut collects revenue from at least 371 unique sources of revenue, but the bottom 200 don’t even produce 1 percent of total state revenue. Are these really worth keeping? Yankee examines the issue in Too Small to Keep.

The research from the Yankee Institute reveals that most state agencies actually have no idea how much it costs them to collect taxes and fees. But they keep on collecting them.

Yankee recommends that the General Assembly require the administrative costs of tax collection be calculated by agencies and included in the Results-Based Accountability reports that most state agencies submit to the General Assembly. We also recommend the inclusion of sunset clauses in all revenue-raising legislation to force the General Assembly to review and renew revenue sources on a periodic basis.

Too Small to Keep

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You Didn’t Build That: Occupational Licensure in CT

by Ryan Murphy

Connecticut needs as many entrepreneurs as it can get. But for many would-be small businesspeople, Connecticut’s stringent occupational licensure laws stand in the way.

Connecticut licenses 241 occupations, from hairdressers to glaziers. Often sold in the name of public safety, more often licensure laws serve as artificial barriers to entry designed to limit supply and protect other occupations from unwanted competition. A study by the Institute for Justice considers Connecticut the 15th most broadly and onerously licensed of any state.

Read the full study here

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Tolls: Road testing free market ideas to drive better roads with less traffic

Since colonial times, turnpikes have represented a guiding principle of public finance: Let those who benefit bear the costs.

It’s been 30 years since a horrific accident at the Stratford toll station prompted Connecticut to eliminate tolls. Since then, Connecticut has made no significant changes to its transportation system or funding mechanism, relying on the eighth-highest gas tax in the nation and the highest tax on diesel fuel. Infrastructure needs have lagged funding, and congestion has worsened. Meanwhile, most of our neighboring states have adopted technology, such as EZ Pass, to establish modern, efficient and safe tolling.

Before Connecticut creates a new revenue source in the form of tolls to fund transportation projects, it should first stop siphoning off $146 million a year in oil company taxes which are diverted to the general fund. The state should also reduce or eliminate the $269 million used to subsidize rail and bus service. And if Connecticut does implement tolls, it should come with a corresponding reduction in the state gas tax to ensure tolls don’t become just another tax siphoned off to feed bigger government unrelated to roads.

If Connecticut were to re-institute tolls, it should also consider congestion pricing – charging higher prices during times of peak use, and lower or perhaps zero tolls during off-peak times – to help reduce traffic delays.

Tolls

Done right, re-instituting tolls has the potential to ease congestion, raise revenue for infrastructure improvements, increase economic efficiency, cut pollution, and bolster public transportation.

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Connecticut’s 371 Taxes and Fees

The State of Connecticut collects revenue from more than 371 unique sources according to the latest report from the Yankee Institute. While the cost of government has increased threefold over the past 40 years, the state’s population and median income have failed to keep up. At least part of the reason may be the numerous ways in which the State of Connecticut serves as an obstacle to economic opportunity and growth.

In addition to updating the line-by-line revenue listing and the now infamous chart, Yankee also reminds citizens about the state’s ignominious list of lasts, the numerous rankings on which Connecticut is the worst in the nation.

Check out the full flyer.

Taxes and Fees Flyer

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525 $100k Pensions in 2012

EAST HARTFORD – A record 525 retired state employees took home at least $100,000 in pension pay in 2012, according to new data from the state Comptroller’s office analyzed by the Yankee Institute. That figure is up from 417 retirees in 2011.

A record 36 retired state employees enjoyed pensions of at least $150,000, which is more than Governor Malloy’s salary. In 2011, 25 retirees received pensions that large. The ten highest pensioners were:

First Name Last Name Agency Amount
JOHN VEIGA UCONN PROFESSOR 1

$276,364.26

JACK BLECHNER UCONN HEALTH CENTER

$270,234.60

ELEANOR HENKEN UCONN HEALTH CENTER

$239,708.52

EDWARD BLANCHETTE DOC – CENTRAL OFFICE

$226,658.28

HARRY HARTLEY UCONN PROFESSOR 1 (former pres)

$211,652.28

RICHARD JUDD CENTRAL CONN S U (former pres)

$208,335.30

EUGENE SIGMAN UCONN HEALTH CENTER

$204,352.26

ANTHONY DIBENEDETTO UCONN PROFESSOR 1

$203,594.04

JOHN RAYE UCONN HEALTH CENTER

$200,597.34

LESLIE CUTLER UCONN HEALTH CENTER

$198,318.00

The full list of $100,000 pensioners can be downloaded here.

The state paid out $1.4 billion in pension pay to 44,346 beneficiaries in 2012. Since the Yankee Institute began collecting pension benefit data in 2007, the number of beneficiaries climbed 15 percent, from 38,604 individuals. Adjusted for inflation, the total payout amount rose 32 percent during that time, from $1 billion to $1.4 billion.

“Overly generous pension benefits continue to grow faster than the rest of the state’s budget, to outstrip inflation, and to crowd out other spending,” said Fergus Cullen, executive director of the Yankee Institute. “This is why the Yankee Institute supports having state government move toward a defined benefit, 401(k)-styled retirement pension reform system through which state employees contribute more to their own retirement funding.”

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1,223 Make More Than Malloy

EAST HARTFORD – More than 1,200 state employees earned over $150,000 last year, making each of them better paid than Connecticut Gov. Dan Malloy.

Connecticut’s median household income is $69,243, according to the Census Bureau. The governor’s salary, which is set by state statute at $150,000 a year, is more than twice that. Yet Gov. Malloy was only the state’s 1,224th highest paid employee in 2012, according to new data released today by the Yankee Institute.

A total of 7,712 state employees were paid more than $100,000 in 2012. The state paid 66,613 full or part-time employees last year.

“$150,000 or $100,000 a year is considered very good money by most Connecticut families. That well over a thousand state employees earn more than the governor points to the amount of bloat that exists in state government,” said Fergus Cullen, executive director of the Yankee Institute.

The Yankee Institute published the names and salaries of all the state employees who were paid more than the governor here.  The data was obtained from the Office of the State Comptroller in response to a Freedom of Information Act request.

Nearly half of the individuals making more than $150,000 are associated with UConn (290) or the UConn Health Center (301). Of the top ten highest paid state employees in 2012, all were associated with UConn or the UConn Health Center:

Employee Position Agency/Institution

2012 Pay

Calhoun, James A. Men’s Basketball Head Coach UConn

$2,865,769

Auriemma, Geno Women’s Basketball Head Coach UConn

$1,829,052

Pasqualoni, Paul L. Football Head Coach UConn

$1,613,920

Onyiuke, Hilary Chief, Division of Neurosurgery UConn Health Center

$1,030,732

Nulsen, John Director, Center for Advanced Reproductive Services UConn Health Center

$917,373

Makkar, Hanspaul Chief, Division of Pediatric Dermatology UConn Health Center

$916,600

Whalen, James Vice Chair, Dermatology UConn Health Center

$884,602

Laurencin, Cato CEO, Connecticut Institute for Clinical and Translational Science UConn Health Center

$701,576

Herbst, Susan President UConn

$612,500

McFadden, David Chief, Department of Surgery UConn Health Center

$576,923

Manuel, Warde Athletic Director UConn

$551,305

“We aren’t saying the governor is overpaid or underpaid, nor do we begrudge a small number of uniquely skilled state employees who are highly paid, especially those with medical and science backgrounds,” Cullen said. “But the average taxpayer in Connecticut has to look at the list of 1,223 state employees who are paid more than the governor and think, ‘A, there’s a lot of bloat in state government and B, how do I get one of those jobs?’”

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