Connecticut ranked 49th in the country in a new analysis of state fiscal health by Truth in Accounting, due to its massive taxpayer burden of $53,400 per person and, once again, earned the organization’s label of a “sinkhole state.”read more
There’s a growing recognition among Connecticut state and local government that 401(k)-style retirement plans will be necessary in the long run. The private sector does it, so why are government employees so worried?read more
If nothing had changed, Connecticut would not be trapped in the situation it is now. But Connecticut also allows collective bargaining agreements to supersede state law, allowing subsequent SEBAC agreements to once again underfund state employee pensions.read more
The long and weird history of Connecticut’s attempt to build eight miles of highwayread more
It’s not uncommon during the election cycle for business owners to complain to politicians about cumbersome regulations that sap their time and resources. The Connecticut Department of Labor tried to ease the burden on business owners in 2002 when it launched a new...read more
Connecticut remained dead last in the nation for personal income growth since 2007 in the latest analysis by Pew Charitable Trusts.read more
The Fitch Files
Connecticut’s Whiting Forensic Hospital was forced to rehire employees terminated in 2009 and 2010 for the abuse of state psychiatric patients after grievance arbitrators overturned management decisions, according to documents obtained through a freedom of information request.read more
The Fitch Files: Connecticut woodworking company becomes victim of national pension crisis, gets sued out of existence
Mark originally wanted a union shop so that J-Con Inc. could do business in neighboring New York and Rhode Island. He contributed toward his employees’ pension fund with the carpenters union, along with health benefits and good pay.
Little did he know that this would ultimately destroy his business.read more
On a Side Note
Facing a $4.6 billion deficit over the next biennium, lawmakers will find themselves in the position of a political captive — hands tied, blind-folded and locked in a dingy basement.
In conceding that a House vote on a tolls bill would likely not happen this year, House Speaker Joe Arsimowicz said, “When you have people that want to paint the picture that Connecticut sucks at all costs and any new thing is going to force people out of the state, it’s a tough narrative to overcome.”
A light-hearted “Toll Troll” demonstration by Yankee Institute at the Capitol on Tuesday drew media attention and ire of House leadership.
The Yankee Institute for Public Policy Studies is a research and citizen education organization founded in 1984 under section 501(c)(3) of the Internal Revenue Service code. As one of America’s oldest state-based think tanks, Yankee develops and advocates for free market, limited government public policy solutions in Connecticut.