Raise taxes, duh.
Unions and illegals burying the Nutmeg State.
Could pull a California and issue “Chit-mans” in lieu of cash/checks.
It’s always education, police, fire, emergency services that are always cut first right after politicians give themselves a raise after new taxes to balance the budget (read: pensions, medical for politicians, etc etc).
Another dimoKKKRAT paradise in the making.
Let's look at how Connecticut is faring after tax increases in 2010, 2012, and 2016.
Several thousand tax filers in the state have adjusted gross incomes of more than $1 million a year, and they account for about a third of all income tax receipts.
About $200 million of the drop in receipts came from the state’s closely watched top 100 earners, who are the source of an outsize proportion of the state’s revenue,” the WSJ reports.
And to think that Malloy was touted by Obama as a paragon of state administration!
Connecticut is beautiful but its very high taxes, casinos, voter fraud, rampant unemployment, sanctuary cities and strict gun laws are having their effect: bankrupt on all fronts.
I suggest that they push harder Left. Maybe it would help.
Do an Illinois and issue higher interest bonds, increase spending, and increase taxes.
It always works.
CT was counting on a Hilmama bailout. Oh well.
Democrats have run the state for decades and can’t manage a balanced budget.
Just raise the income tax! Lowell Weicker forced it on the state.
Never underestimate the sneakiness of Democrat politicians and government employees.
All these financial institutions in CT should have told the Democrat politicians that if you spent much more than you take in, you will go broke. They were probably counting on a bailout from Hillary to save them. Wrong.
They just need more diversity, send them some more illegal aliens, they seem to like them.
CT is probably small enough to build a wall around to keep folks from leaving.
Good practice for the south.
Connecticut needs to sell New Haven, Bridgeport, Hartford, and Willimantic to California, then the rest of the state would be Republican...
The one thing they always failed to take into consideration was spending.
They spent like the money was never ending and the Democrats did everything they could to import third world parasites here who immediately went on the public dole.
Connecticut Taxpayers are Screwed.
Unfortunately,I'm one of them.
I think they should tax every liberal hedge fund manager at 90%.
The shear economic genius of Democrats is mind boggling