[BPt111]

Originally Posted by ayoskillz

Alot of it comes from ffc and down. For example. Look at old grenwi. They work in nyc but have million dallor homes and pay home taxes to ct. Which isaot of money. These hundred plus thousand dallor carss and car taxes to ct. If you add that up it account a big portion of the state funds. If they start moving thats money the state was once get not receiving any more.

States give companies big tax breaks and ect so in alot of states they make most of their money with citizens. Look at Florida for example. 10+ years ago their state was in the same situation. But they now have a high rate of retirement there which again pays taxes and bring the state more money. Ct needs to find away to attract more people to the state, if not they cant keep spending like they was because when jobs and people move out, so does the money.

Few wealthy people just move out of the CT there was article on Hartford courant. Stamford is economic engine of the state

[HumpDay]

Originally Posted by Mr_250

Does it really matter to businesses in Connecticut if the budget is a deficit? I have never heard of a company saying we are leaving because they can't balance the budgets. I could see the taxes as a reason and they might be concerned about increased taxes but Malloy seems to be saying he is not raising taxes.

Not sure if this matters but doesn't anyone notice a lot more cars on the road in the morning and at night? More cars equals more people working, right?

Remember the last time he said he won't raise taxes...and the time before that.

[BPt111]

Originally Posted by HumpDay

Remember the last time he said he won't raise taxes...and the time before that.

Bridgeport, Hartford, New Haven got Malloy in

http://www.courant.com/data-desk/hc-...htmlstory.html

[BPt111]

The top 4,000 tax payers in the state contribute 35% of revenues which is in Stamford/Westport/Greenwich area. The other 65% of revenues comes from the next 49+% of earners - the upper and middle class.

[BPt111]

Editorial: Connecticut must cut back on employee overtime, benefits

[RunD1987]

Only issue is I heard stories since I interact with some of these state workers. That they are mandated to stay due staffing shortages working 48 hour's to 72 hour's. Like any human can't really stay awake so they sleep during the night during their shifts. It's less eliminate overtime and fund the money into hiring more people.

[BPt111]

Malloy Says UConn Contract Could Make It Tougher To Balance Budget

Dannel P. Malloy said the UConn Professional Employees Association contract, if approved as-is, will make all other contracts much more difficult to enter into or to negotiate. "I think there are things that are going to make the legislature's job a lot harder if they intend to balance the budget," he said.

CROMWELL — Gov. Dannel P. Malloy said Thursday that the UConn contract under consideration by legislators this week "does not fully represent the new economic reality" and if it goes forward will make balancing the budget "a lot harder."

The contract between UConn and the school's largest union calls for pay raises and a longer workweek.

"I'm not sure what the status is with respect to what the legislature intends to do," Malloy said. "I will tell you that that contract does not fully represent the new economic reality, and I have some concerns about it, but the legislature is in charge on this one. I don't have a role to play."

However, Malloy said of the UConn Professional Employees Association contract: "I think on the wage side, it's livable. On the increasing hours and compensation, it's difficult and with respect to pension changes, which I'm not even sure they have the ability to make, it's difficult."


Malloy said he thinks "there's an economic reality that people are having a hard time adjusting to." He added, "at a time that we're talking about layoffs, increasing the number of layoffs that would be required to balance the budget this year and next year is, I think, dangerous."

Malloy Says UConn Contract Could Make It Tougher To Balance Budget - Hartford Courant

[JayCT]

People here question the value of the aid the state provides to companies expanding in our state. Here is a company that exceeded their requirements. Jay

Stamford co. surpasses job targets under 2010 aid - Connecticut Post

[BPt111]

Malloy admits CT is getting worst.

HARTFORD – Gov. Dannel P. Malloy said Friday that the state's already precarious financial situation could get worse.

"I think it could get better, it could get worse,'' the Democratic governor told reporters during a press conference at the state legislative office building. "By the way, have you ever not heard me not say that the numbers could get worse? "Cause I've been saying it for months.''

When a reporter observed that some lawmakers believe the numbers could improve, Malloy interjected, "that's not gonna to happen, that's just not gonna happen. I think there's a bigger downside than there is an upside."

Gov. Malloy Says the State's Budget Deficits Could Get Worse - Hartford Courant

[BPt111]

Prediction

Malloy will raises taxes to fill in CT 1 billion budget issue in coming months, lay off more state employees, major cuts every in department, less aid money for cities and towns it will put some cities in deeper budget trouble, Malloy want tolls in CT by 2017 to pay for transportation funds, Two major companies threaten to leave the state, New numbers figures more people leaving CT 2015-2016 figures, CT will see GE fully effect till next year.