Connecticut has a new budget that is unbalanced. The smoke and mirrors of the budget afforded the usual political patronage pay outs and once again disrespected and insulted the legal Connecticut Taxpayers of the state.
In homage to the ruling political ruling class was the usual sneaking in of the following:
$46 million dollars in new wage increases to state employees.
An addition $2 million dollars in raises to Legislative staff members.
An impossible real time sales tax to paid immediately by Connecticut businesses to the Department of Revenue.
A new mansion and exit tax for those leaving the state.
New taxes on dry cleaning, a new 1% additional restaurant tax and sales tax on many other services.
Budget revenue being stated in the non existent $450 million dollars in state union employee contract savings. There has been no agreement to these give backs but yet were included as revenue in the new budget.
Estimated growth in tax revenues over 5% in the budget when they is no indication this will be forthcoming given the poor economic climate of Connecticut.
A raid of the special Transportation budget to de-fund it.
And the entire budget was a given a whole 24 hours to be voted on. Over $44 billion dollars worth of spending to be read and analyzed in 24 hours to decide the economic conditions for Connecticut for the next two years. In 24 hours.
The Connecticut Democrat Party budget once again makes a mockery of the state budget process and is hostile and unfair to legal Connecticut Taxpayers. It is an insult to our economic intelligence.
Sickening is another good word for this budget.
In a few months with a battle to ram tolls down our throats we will be hearing the familiar cry of lower than expected tax revenues along with a rapidly approaching $1 billion dollars budget deficit thus taxes will need to go up as fast as possible to cover this new deficit.
And the $100 billion dollars plus in short and long term debt along with unfunded liabilities will continue to grow along with the unrelenting increases in state employee union and management salaries, benefits and pensions for 2019-20.
The economic crisis continues unabated here in Connecticut thanks to our economically irrational and illiterate Governor Lamont and the Omnipotent Connecticut Democrat Party.
The legal Connecticut Taxpayer is damned.
Saturday, June 29, 2019
Saturday, June 22, 2019
No Tolls For Connecticut
There should be no tolls in Connecticut.
The different costly studies and economically irrational plans have not stated how these tolls will relieve congestion on our highways nor work to repair and fix the decaying highway and bridge system in Connecticut. The toll plan is a fools dream, a commuters nightmare, an economic shock due to the higher costs of living in Connecticut that would be created from it and another economic insult to legal Connecticut Taxpayers.
There are many questions unanswered with the push for tolls.
These include the following:
How much will it actually cost to build these tolls?
How many tolls will there actually be? This number changes on a daily basis.
How much will the tolls actually cost and what is the theoretical discount for Connecticut drivers since supposedly our state highways have at all times 40% out of state drivers traveling on them?
What are the costs to actually run the toll program?
How much revenue will actually be brought in from the tolls?
What happens if revenues are low for the tolls? How much do the tolls go up to per mile?
Where does the money from tolls go to? Trains? State employee salaries, benefits and pensions? Will any money actually go to repair the crumbling state road and bridge system? (I personally doubt it)
Why has the Special Transportation Fund been drained each year since it was implemented? This years budget was no different.
Tolls will do the following:
Increase the costs of living in Connecticut as the costs of tolls will be passed on to all goods and services being offered, sold and delivered in the state.
Increase the costs of driving in Connecticut.
Create a new union bureaucracy with even more political patronage jobs with high salaries, benefits and pensions to run this program.
Toll monies will naturally be diverted from the repair of the crumbling state road and bridge system and be lumped into the general fund.
State jobs will open up mysteriously for all Democrat State Representatives and Senators who lose their election bids for voting for tolls in 2020 growing the states massive management and union payrolls which will further expand the state pension crisis.
Connecticut can ill afford tolls on top of the massive taxes Connecticut taxpayers must pay to work, operate a business and live in the state.
It is a bad economic idea that is being shoved down the throats of legal Connecticut Taxpayers.
No Tolls for Connecticut. It will make Connecticut dead last in all economic categories in our country. It is a horrific plan. End it today.
The different costly studies and economically irrational plans have not stated how these tolls will relieve congestion on our highways nor work to repair and fix the decaying highway and bridge system in Connecticut. The toll plan is a fools dream, a commuters nightmare, an economic shock due to the higher costs of living in Connecticut that would be created from it and another economic insult to legal Connecticut Taxpayers.
There are many questions unanswered with the push for tolls.
These include the following:
How much will it actually cost to build these tolls?
How many tolls will there actually be? This number changes on a daily basis.
How much will the tolls actually cost and what is the theoretical discount for Connecticut drivers since supposedly our state highways have at all times 40% out of state drivers traveling on them?
What are the costs to actually run the toll program?
How much revenue will actually be brought in from the tolls?
What happens if revenues are low for the tolls? How much do the tolls go up to per mile?
Where does the money from tolls go to? Trains? State employee salaries, benefits and pensions? Will any money actually go to repair the crumbling state road and bridge system? (I personally doubt it)
Why has the Special Transportation Fund been drained each year since it was implemented? This years budget was no different.
Tolls will do the following:
Increase the costs of living in Connecticut as the costs of tolls will be passed on to all goods and services being offered, sold and delivered in the state.
Increase the costs of driving in Connecticut.
Create a new union bureaucracy with even more political patronage jobs with high salaries, benefits and pensions to run this program.
Toll monies will naturally be diverted from the repair of the crumbling state road and bridge system and be lumped into the general fund.
State jobs will open up mysteriously for all Democrat State Representatives and Senators who lose their election bids for voting for tolls in 2020 growing the states massive management and union payrolls which will further expand the state pension crisis.
Connecticut can ill afford tolls on top of the massive taxes Connecticut taxpayers must pay to work, operate a business and live in the state.
It is a bad economic idea that is being shoved down the throats of legal Connecticut Taxpayers.
No Tolls for Connecticut. It will make Connecticut dead last in all economic categories in our country. It is a horrific plan. End it today.
Sunday, June 16, 2019
What's Another $460,000,000.00 For Connecticut Taxpayers?
What is $460,000,000.00 for Connecticut Taxpayers? In the excesses of a $43,200,000,000.00 bloated new Connecticut state budget that is filled with political fat and nepotism not much.
For the $460,000,000.00 is the "supposed savings" that has yet to have been agreed upon by the state labor unions but yet has been included as a line item in the budget.
Therefore the state budget is already out of balance because we as Connecticut taxpayers know there will never be any state labor savings anywhere near approaching $460,000,000.00. And Connecticut Taxpayers will hear the familiar story in a few months that the budget is out-of-balance, we need higher taxes and to cut services for those who truly need it like the elderly and our special needs citizens of the state. The pork will never be cut to balance the budget as that gravy train of political nepotism and patronage is the hallmark of the Connecticut Democrat Party.
As an economist and a Connecticut Taxpayer how is it legal to create a budget that includes $460,000,000.00 of savings that has not even been accepted yet? What is being cut to achieve this $460,000,000.00 of savings? Over what time frame does this $460,000,000.00 take place in is it one month? A year? Twenty years?
As a reminder to Governor Lamont and the Connecticut Democrat Party, Connecticut has a $100,000,000,000.00 short and long term debt along with unfunded liabilities. This is a massive debt that has not been nor seems ever to be addressed by the Connecticut Democrat Party. What is the plan to pay this off?
The new state budget is out of balance. It is a financial time bomb waiting to happen. There never is thoughts of cutting spending or lowering taxes when budget time comes.
And the State Legislature has less than 24 hours to read and vote on the budget. This is not fair to the Connecticut Taxpayers. It is a sickening excess of political bias against the Connecticut Taxpayer. it seems that the Connecticut Democrat Party despises the legal Connecticut Taxpayer.
Why?
For the $460,000,000.00 is the "supposed savings" that has yet to have been agreed upon by the state labor unions but yet has been included as a line item in the budget.
Therefore the state budget is already out of balance because we as Connecticut taxpayers know there will never be any state labor savings anywhere near approaching $460,000,000.00. And Connecticut Taxpayers will hear the familiar story in a few months that the budget is out-of-balance, we need higher taxes and to cut services for those who truly need it like the elderly and our special needs citizens of the state. The pork will never be cut to balance the budget as that gravy train of political nepotism and patronage is the hallmark of the Connecticut Democrat Party.
As an economist and a Connecticut Taxpayer how is it legal to create a budget that includes $460,000,000.00 of savings that has not even been accepted yet? What is being cut to achieve this $460,000,000.00 of savings? Over what time frame does this $460,000,000.00 take place in is it one month? A year? Twenty years?
As a reminder to Governor Lamont and the Connecticut Democrat Party, Connecticut has a $100,000,000,000.00 short and long term debt along with unfunded liabilities. This is a massive debt that has not been nor seems ever to be addressed by the Connecticut Democrat Party. What is the plan to pay this off?
The new state budget is out of balance. It is a financial time bomb waiting to happen. There never is thoughts of cutting spending or lowering taxes when budget time comes.
And the State Legislature has less than 24 hours to read and vote on the budget. This is not fair to the Connecticut Taxpayers. It is a sickening excess of political bias against the Connecticut Taxpayer. it seems that the Connecticut Democrat Party despises the legal Connecticut Taxpayer.
Why?
Sunday, June 09, 2019
Want To Save $100,000. Move Out Of Connecticut.
There are many ways to save money. One way for Connecticut Taxpayers to save money is by moving out of state.
Young couples starting out can save a great deal of money by moving out of state.
For example a young couple buying a $250,000 house in Connecticut depending on which town it is in will pay anywhere from $4500 to $7500 in property taxes along with $400 to $800 in property taxes on their cars. If they bought that same house in South Carolina, Florida or Tennessee their property taxes would be from $1000 to $2000 and depending on the state no property taxes on their cars. Florida has no state income tax thus the couple would save an additional $6000 to $10,000 a year depending on their income levels. Thus in a ten year period or less a young couple by moving out of Connecticut can save $100,000 or more depending on which state they move to. In a 30 year time frame the couple has potential savings of $300,000 or more by moving out.
A couple retiring may move out of state also to save money. There is little financial incentive to stay in Connecticut since retirees will be paying the same amount of property taxes as if you were working along with state income taxes on your pensions (if you have one) and social security. The savings on your property taxes alone by moving out of the state could be $100,000 in a ten year or less time period also.
As much as the current state budget which again raises taxes on many items and income is painted as yet another cure all for Connecticut's government spending and nepotism problems it is creating more and more examples of what I have just stated to occur. More and more people will move out of Connecticut to save money. Connecticut continues to have a net migration out of the state that will only accelerate with this current Taxpayer be damned budget that was passed. The current Connecticut tax system is an entrapment that has created a serfdom in the state. We as Taxpayers are serfs in the political serfdom that has been created to benefit those in political power. Connecticut Taxpayers work for our state government to maintain its excesses.
Governor Lamont seems to be following in the Weicker and Malloy footsteps of lying to get elected and raise spending and taxes. He is a political puppet of the Connecticut Democrat Party especially its economically irrational progressive wing.
If you want to save money and have a better quality of life move out of Connecticut. I know many who have and will do in the future. it is obvious that our state government is only concerned about their ruling class not its legal working citizens.
Young couples starting out can save a great deal of money by moving out of state.
For example a young couple buying a $250,000 house in Connecticut depending on which town it is in will pay anywhere from $4500 to $7500 in property taxes along with $400 to $800 in property taxes on their cars. If they bought that same house in South Carolina, Florida or Tennessee their property taxes would be from $1000 to $2000 and depending on the state no property taxes on their cars. Florida has no state income tax thus the couple would save an additional $6000 to $10,000 a year depending on their income levels. Thus in a ten year period or less a young couple by moving out of Connecticut can save $100,000 or more depending on which state they move to. In a 30 year time frame the couple has potential savings of $300,000 or more by moving out.
A couple retiring may move out of state also to save money. There is little financial incentive to stay in Connecticut since retirees will be paying the same amount of property taxes as if you were working along with state income taxes on your pensions (if you have one) and social security. The savings on your property taxes alone by moving out of the state could be $100,000 in a ten year or less time period also.
As much as the current state budget which again raises taxes on many items and income is painted as yet another cure all for Connecticut's government spending and nepotism problems it is creating more and more examples of what I have just stated to occur. More and more people will move out of Connecticut to save money. Connecticut continues to have a net migration out of the state that will only accelerate with this current Taxpayer be damned budget that was passed. The current Connecticut tax system is an entrapment that has created a serfdom in the state. We as Taxpayers are serfs in the political serfdom that has been created to benefit those in political power. Connecticut Taxpayers work for our state government to maintain its excesses.
Governor Lamont seems to be following in the Weicker and Malloy footsteps of lying to get elected and raise spending and taxes. He is a political puppet of the Connecticut Democrat Party especially its economically irrational progressive wing.
If you want to save money and have a better quality of life move out of Connecticut. I know many who have and will do in the future. it is obvious that our state government is only concerned about their ruling class not its legal working citizens.
Saturday, June 01, 2019
What Connecticut Taxpayers Must Deal With Now
Connecticut Taxpayers have woken up this morning to face another new chilling economic reality thanks to the brutal and omnipotent one party rule of the Connecticut Democrat Party.
They are going to be paying much, much higher taxes.
Connecticut Taxpayers will now be paying a 10 cent per bag tax on plastic bags when shopping.
Connecticut Taxpayers will now be paying a .05% payroll tax for paid medical and family leave even though they may never use it.
Connecticut Taxpayers will now be paying sales taxes on all sorts of services and goods that were previously tax exempt.
Connecticut Taxpayers who own pass through entity companies will now be paying a new massive tax on their earnings.
Connecticut Taxpayers will now be paying for much higher salaries and benefits for state workers.
Connecticut Taxpayers will now be paying to house, feed and give state benefits to illegal immigrants in the state as a sanctuary state law goes forward.
Connecticut Taxpayers who have businesses will be forced to pay a $15 minimum wage which will drive up the cost of living in Connecticut, eliminate profits and reduce entry level jobs.
Connecticut Taxpayers will possibly now be paying tolls in the near future as they get rammed down their throats by the Connecticut Democrat Party.
The Connecticut Democrat Party offered no cuts in any spending in this budget.
The Connecticut Democrat Party offered no solutions to the $100 billion dollars in short and long term debt along with unfunded liabilities.
The Connecticut Democrat Party offered to push down the road the funding of their high cost mandated teachers pensions to 2033 with massive negative economic implications for future Connecticut Taxpayers.
The Connecticut Democrat Party once again did not allow meaningful budget negotiations with the Connecticut Republican Party.
And once again most of the legislature did not and will not be able to read the actual budget before voting on it next week. Nor will any Connecticut Taxpayer like myself be allowed to read it either.
And so it goes.
Connecticut's economy will further its decline as a bottom five states in the country in economic development and friendliness.
Connecticut's economy will further its decline as one of the highest five states in the country for taxes.
I really wonder why the Connecticut Democrat Party still governs in 2019?
Because in reality they can not lead or govern at all. They again have failed the Connecticut Taxpayer. The Connecticut Democrat Party loves to lie to the Connecticut Taxpayer over and over again.
RIP The Connecticut Taxpayer.
They are going to be paying much, much higher taxes.
Connecticut Taxpayers will now be paying a 10 cent per bag tax on plastic bags when shopping.
Connecticut Taxpayers will now be paying a .05% payroll tax for paid medical and family leave even though they may never use it.
Connecticut Taxpayers will now be paying sales taxes on all sorts of services and goods that were previously tax exempt.
Connecticut Taxpayers who own pass through entity companies will now be paying a new massive tax on their earnings.
Connecticut Taxpayers will now be paying for much higher salaries and benefits for state workers.
Connecticut Taxpayers will now be paying to house, feed and give state benefits to illegal immigrants in the state as a sanctuary state law goes forward.
Connecticut Taxpayers who have businesses will be forced to pay a $15 minimum wage which will drive up the cost of living in Connecticut, eliminate profits and reduce entry level jobs.
Connecticut Taxpayers will possibly now be paying tolls in the near future as they get rammed down their throats by the Connecticut Democrat Party.
The Connecticut Democrat Party offered no cuts in any spending in this budget.
The Connecticut Democrat Party offered no solutions to the $100 billion dollars in short and long term debt along with unfunded liabilities.
The Connecticut Democrat Party offered to push down the road the funding of their high cost mandated teachers pensions to 2033 with massive negative economic implications for future Connecticut Taxpayers.
The Connecticut Democrat Party once again did not allow meaningful budget negotiations with the Connecticut Republican Party.
And once again most of the legislature did not and will not be able to read the actual budget before voting on it next week. Nor will any Connecticut Taxpayer like myself be allowed to read it either.
And so it goes.
Connecticut's economy will further its decline as a bottom five states in the country in economic development and friendliness.
Connecticut's economy will further its decline as one of the highest five states in the country for taxes.
I really wonder why the Connecticut Democrat Party still governs in 2019?
Because in reality they can not lead or govern at all. They again have failed the Connecticut Taxpayer. The Connecticut Democrat Party loves to lie to the Connecticut Taxpayer over and over again.
RIP The Connecticut Taxpayer.
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