“I think the most important thing here is when they cobble these things together, and they say ‘Hey, this is what’s going to happen; this…
When will we reach the tipping point and lose all of our financial sector to Florida?
The 2% grocery tax fell flat, so the legislature is now imposing a 7.35% tax on certain foods at the grocery store.
State income tax makes people move out.
Property tax rate: FL 9.8 mills, CT 20.7 mills. Median cost of a house: FL $179K, CT $270K.
Moving nearly 150 Connecticut jobs to Richmond, Virginia or Jacksonville, Florida.
When will Hartford listen?
CT DOT will no longer report $250 million in transportation spending as “administrative costs” and instead report it as “Expenditures for Non-Transportation Services.”
Legislature expects “mansion tax” to raise $6.3M; same group expects plastic bag tax to raise $27M.
For the year, Connecticut is down 0.2% while Massachusetts is at 0.8% job growth and the U.S. overall is at 0.8% growth.
(c) Connecticut Insights 2019