Saturday, June 29, 2019

Connecticut's New Unbalanced Budget

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.

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