Posted on 01/05/2009 5:21:39 PM PST by Lorianne
As the economy falters states and cities across the country deal with budget deficits. Some in the billions of dollars. In Connecticut -- the state's three biggest cities are looking for help, and one US Senator hopes the incoming Obama administration will provide it.
Connecticut's cities have long complained that they bear a bigger share of the societal load while getting shorted when the money is passed out. New Haven, for example, is home to Yale University. Prestigious, yes. But the city can't collect taxes on Yale property. The mayor's of New Haven, Hartford and Bridgeport want more from state lawmakers. New Haven's mayor DeStefano points out that the federal government can run budget deficits and the state has numerous sources of income like the sales tax and income tax.
Mayor John DeStefano, D-New Haven, CT: Cities and towns do not have those choices. We have 2 sources of revenue. Property taxes and state aid and the way the system is set up now we exist in a state with the highest rate of property taxes in the nation.
A rate that is dropping along with the value of homes.
(Excerpt) Read more at necn.com ...
Messy reporting. But still ... the gist is more bailouts.
Note the Maseratti ad next to the 'aid' article.
How protected are you, Connecticut?
Democrates equal economic irresponsibility, so can we expect anything more now that the mindless have elected the same to office and the presidency, yes we can until the US is banckrupt and they put us in a depression. This will be the begining of thier building of a utopian society and I believe this is thier master plan.
The Rat master plan is extreme socialism, and that usually ends up like Zimbabwe.
I heard somewhere that a certain Christopher Dodd had a line on getting lots of money for nothin.
If they can’t get federal handouts, they can just go grab some more homeowners’ property and sell it on E-Bay. Not far from what they did in New London.
Connecticut should revive it’s glorious history to the “GIVE ME STATE”....I left there 45 years ago and never looked back.
” I left there 45 years ago and never looked back.”
I’ve been gone since I graduated HS in 1970 and have never looked back !
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