Tax Freedom Day for Connecticut Taxpayers is May 21, 2017. This is the day that Connecticut Taxpayers stop working to pay all of their local, state and federal tax burdens. The date that we stop paying our taxes is dead last in the country as Connecticut Taxpayers have the highest tax burden in the country. With the high taxes Connecticut Taxpayers pay now they will also be dealing with even more and higher taxes in 2017 as the state has a $5 billion dollar budget deficit along with an estimated $68 to $100 billion dollars of unfunded liabilities and short and long term bond obligations. I am not able to obtain a "real" number for our unfunded liabilities and short and long term bonds obligations since it seems to be a secret in Hartford. Therefore I estimate this number as best as I can.
Economic reality is harsh for Connecticut Taxpayers since they are despised by the Connecticut Democrat Party for questioning the excesses of state employee salaries, pensions and benefits for both union and management workers. These costs are out of control and part of our debt issues. The elitism political game that the Connecticut Democrat Party plays along with along with the total disregard for allowing the minority the Republican Party to be part of the legislative process has nurtured the economic demise of our state.
Thus in a state desperate for real economic solutions to its massive debt, lack of jobs and net migration of people out of Connecticut, the Connecticut Democrat Party turns to the norm new and higher taxes to solve this yearly crisis.
Look for a much longer Tax Freedom Day for Connecticut Taxpayers in 2018.
Look for much higher and new taxes in 2018.
Look for more people moving out of Connecticut in 2018.
Look for more Connecticut Democrat Party political appointments to high salary, pension and benefits jobs in 2018.
Look for more state credit downgrades in 2018.
Look for much more state borrowing in 2018.
Look for much higher property taxes in 2018.
And finally look for? What I no longer know. Connecticut has become a ruined state economically compliments of our state government led for too long by the Omnipotent Connecticut Democrat Party.