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Will a New Tax Stop Connecticut’s Brain Drain?
Legislature expects “mansion tax” to raise $6.3M; same group expects plastic bag tax to raise $27M.
Jobs Slide Extends to Third Month
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.
Fewer In-State Students at CT’s Public Universities
Prediction is that fewer graduates will remain in state after seeing tax bite.
CT DOT Pays 3x More Than Other States Do
$209K per lane-mile of roads vs US average of $71K. We need a negotiator.
Unintended Consequences of the Plastic Bag Tax
“The cost of recycling is going out of control and paper bags weigh more than plastic, so it’s going to end up costing communities a…
Economist reacts to taxpayers fleeing to Florida because of high state taxes
He said there are “four states of the apocalypse” which have the most residents fleeing over high taxes and huge budget problems.
CT Loses Xerox Innovation Center to NC
The average salary of the jobs in North Carolina is nearly $113,000.
Florida to see population boom over coming years as SALT deductions remain capped
Individuals earning $650,000 can save more than $69,700 in taxes per year by moving from New York to Florida.
Florida raking in billions as Americans abandon high-tax states
Another high-tax state, Connecticut, had the largest income loss relative to its overall economy – at $2.6 billion.