For Immediate Release: 3/20/2016
Contact: Zachary Janowski
Mobile: (860) 384-5777
Five reforms to get Connecticut’s budget back on track
Perennial deficits are hurting our state
March 20 – Today, the Yankee Institute for Public Policy released a comprehensive plan for sustainable budget reforms to make our state’s fiscal forecast more predictable, fair and transparent.
“This year, Gov. Dannel Malloy proposed a budget that shifts many of the state’s financial obligations to municipalities. As a result, homeowners – who already struggle with high sales and income taxes – are likely to be on the hook for steep property tax increases, as well,” said Carol Liebau, President of Yankee.
“After the income tax hike in 2011 and the corporate tax hike in 2015, the Governor is now pushing $400 million onto municipalities. The only way our cities and towns can cover the state’s added costs is to raise property taxes,” said Liebau. “When is it finally enough? When can we finally take taxes off the table and get serious about fixing the problems that lead the politicians always to demand more of our money?”
“We are pleased to release this plan, because we believe it offers a better way than the same old tax-and-spend approach we’ve seen again and again, like a bad horror movie,” said Liebau.
“If state leaders are willing to reform the way the state sets budget priorities; truly enforce the constitutional spending cap; and reform state employee compensation to protect jobs and provide security, Connecticut can be ready for a brighter future,” said Liebau. “The time for action is now.”
Please follow this link for the complete study, Back On Track: Budget Reforms for the Long Run.
The Hartford-based Yankee Institute for Public Policy works to transform Connecticut into a place where everyone is free to succeed.