[markfromct]

Originally Posted by beerbeer

Also in today's Courant.
Connecticut tops interstate migration losers as Florida profits.

https://www.courant.com/business/hc-...cni-story.html

"Connecticut lost the equivalent of 1.6 percent of its annual adjusted gross income, as the people who moved out of the Constitution State had an average income of $122,000, which was 26 percent higher than those migrating in." Waiting for the defenders to put a positive spin on this stat.

[kidyankee764]

Originally Posted by beerbeer

Also in today's Courant.
Connecticut tops interstate migration losers as Florida profits.

https://www.courant.com/business/hc-...cni-story.html

This confirms what I’ve been saying for quite some time on this forum:

Florida posted a net income influx of nearly 3 percent of the state’s adjusted gross income in 2016. South Carolina, Idaho and Oregon were also among the largest gainers in the interstate shuffle.

"Florida's powerhouse economy continues to churn out new jobs, retiree migration to Florida is on the rise, and millennials are coming into their prime home-buying years," Brad O'Connor, chief economist for Florida Realtor, said in a report before the trade association's annual summit.

Florida was the top financial magnet, reeling in $17.2 billion more than it lost, about seven times the amounts netted by each of the runner-ups Texas, Washington and South Carolina. The Sunshine State was the No. 1 recipient of the wealth exodus from 18 individual states — with New York, Illinois and New Jersey combining to contribute about $8 billion to Florida’s income base.

While long a haven for retirement, Florida's effort to lure Wall Street executives has gained traction thanks to a provision in the federal tax law passed by the Trump administration that hits residents of high-tax states by putting a lower cap on state and local tax deductions.

[CTartist]

Originally Posted by markfromct

"Connecticut lost the equivalent of 1.6 percent of its annual adjusted gross income, as the people who moved out of the Constitution State had an average income of $122,000, which was 26 percent higher than those migrating in." Waiting for the defenders to put a positive spin on this stat.

That is pretty devastating for our state. I love our state but there is not one scintilla of good in that.

Not to mention I just saw this today too which I think is even worse news for our state.

"Connecticut’s unfunded pension liability amounts to $32,805 per person in the state and 45.13 percent of Connecticut’s gross state product, according to ALEC’s report. But Connecticut’s total funding ratio was dead last, with ALEC calculating the state has only 20.28 percent of the money necessary to keep its future promises to state employees and teachers."
https://yankeeinstitute.org/2019/03/...ding-to-report

How in the world is this state suppose to function in the future if each man, woman and child owes $32,805. They sure aren't going to get that from me.....or maybe they will via all of these taxes.

[EUPL]

Its honestly doom and gloom for this state. Until we get decent leadership this state is just doomed. Previous govern did not but destroy the economic environment in this state and Ned is doing the exact same thing. Sad!

[kidyankee764]

Originally Posted by EUPL

Its honestly doom and gloom for this state. Until we get decent leadership this state is just doomed. Previous govern did not but destroy the economic environment in this state and Ned is doing the exact same thing. Sad!

I wouldn’t go that far. The state needs to do more to retain residents, and especially affluent residents, but it’s not Midwest rust belt status the way many make it seem.

[Mr_250]

Originally Posted by EUPL

Its honestly doom and gloom for this state. Until we get decent leadership this state is just doomed. Previous govern did not but destroy the economic environment in this state and Ned is doing the exact same thing. Sad!

It is not that bad. The news blows things out of proportion. Compare CT to other states and we are doing just fine. The news likes to compare us to FL all the time. We get it, old people leave. That’s why Florida is called Gods Waiting Room.

CT is doing fine and holding our own.

[JimG2]

I dunno, I heard on the radio today that we are in our 8th month or so of declining home sales. They sugar coated it and tried to say that it's a sellers market and low inventory. I think many people have stopped listing their houses because they can't sell them. Nobody can afford the "median" price house because that group of people is leaving. If you go look in the Maine page, there is a guy in Enfield looking to move to Maine, can't sell his gorgeous house (he's a cabinet maker) for $250k. I drive around New Britain every day and see lots of houses with curtains drawn and 18 inch high grass.



Also heard that Stanley Black and Decker is building a new factory to employ 500 people.....in Texas


Been well advertised that a manufacturer in Waterbury said they will relocate if minimum wage got passed....it did.... more lost jobs.

[BobNJ1960]

Originally Posted by beerbeer

We lost GE. We were losing Aetna (they had already announced he move to NY) but we were save by a merger. That was two Fortune 500 companies in one governor's term.



If by "doing pretty darn well" you mean lagging the rest of the country economically, that's true. But the bigger issue is that folks confuse Connecticut's history as an economic power with the scraps that remain. The trend is in the wrong direction. And it has been since the 80s.


No one in state government today has anything to do with our gross domestic product or any of the good things about Connecticut. They were gifted to this generation of politicians and who are destroying the legacy of the state.


People need to wake up and fast.

The last 20 years have been gloomy in terms of Ct economic growth. You are correct. The prior decades gifted the clowns governing the last 20 years a strong hand, and they misplayed it, and during that time, we lost far more excellent corps than we gained.

Lamont is off to a terrible start. Financial analysts project 15,500 Ct job losses tied to the $15 minimum wage.

[LMPA]

Originally Posted by JimG2

I dunno, I heard on the radio today that we are in our 8th month or so of declining home sales. They sugar coated it and tried to say that it's a sellers market and low inventory. I think many people have stopped listing their houses because they can't sell them. Nobody can afford the "median" price house because that group of people is leaving. If you go look in the Maine page, there is a guy in Enfield looking to move to Maine, can't sell his gorgeous house (he's a cabinet maker) for $250k. I drive around New Britain every day and see lots of houses with curtains drawn and 18 inch high grass.



Also heard that Stanley Black and Decker is building a new factory to employ 500 people.....in Texas


Been well advertised that a manufacturer in Waterbury said they will relocate if minimum wage got passed....it did.... more lost jobs.

https://www.thewarrengroup.com/2019/...ned-unchanged/

[CT_Yank]

..I am starting to see some major inflation. Garbage bill went up 15% this cycle and daycare went up 20% recently. This is very bad as state is not prepared with decent paying jobs to offset these hikes. You also have gas at 3.10 - 3.20 which is up 40 cents/gallon over last several months. Hold on tight because next few quarters might be brutal.