[Heel82]

Originally Posted by JayCT

Because Connecticut is No. 3 in GDP per capita in the country. That is what I have been trying to emphasize here. We are at the top. We don’t have to grow a lot. We are already at the top and have been for a LONG time. Jay

You aren’t growing. Connecticut’s economy is slightly smaller than it was in 2005. That’s nearly a decade and a half of stagnation and is obviously untenable. The fact it has only slipped to 3rd since then is a testament to the gap that used to exist.

[JayCT]

Holy cow. It looks like the Rainy Day Fund is going to break the $3 billion mark and by as much as $260 million. The state comptroller was talking of it going to $2.6 billion but this is unprecedented being 12% of the current budget. This is great and shows the strength of Connecticut’s economy.

I just hope the Governor and Legislature don’t think they can start spending recklessly again. If anything they should leverage it as a down payment against the pension shortage. It could go a long way to lessen the future blow expected. Will see. Jay

https://ctmirror.org/2019/08/01/cts-...cedented-high/

[JayCT]

Originally Posted by Heel82

You aren’t growing. Connecticut’s economy is slightly smaller than it was in 2005. That’s nearly a decade and a half of stagnation and is obviously untenable. The fact it has only slipped to 3rd since then is a testament to the gap that used to exist.

BUT, we are still No. 3. That is very very high. I don’t think ANY state would complain about being No. 3. Only people in our state would complain about it. Jay

[Fuele]

The Economic Climate in CT is looking MUCH better , if you happen to belong to a certain group.



The Democrat-controlled General Assembly quietly inserted two 3.5 percent raises for hundreds of legislative employees into the two-year budget it approved over a week ago, a move that would increase taxpayers’ costs by up to $2 million between now and mid-2021, officials confirmed in recent days.

If the pay hikes totaling 7 percent for the nearly 420 legislative employees had been debated publicly during the final deliberations of the 2019 legislative session that ended June 5, they might have been a sensitive subject — as lawmakers were deciding what further financial sacrifices Connecticut citizens will be asked to make in dealing with the state government’s seemingly perpetual fiscal crisis.

But they weren’t part of the the late-session debate at the Capitol complex in Hartford, and they haven’t been mentioned by any of the legislative leaders in celebratory press conferences such as Senate Democrats’ “End of Session Report” this past Monday about their accomplishments in areas such as gun safety and education that make this state “A Connecticut for All.”

By
John Lender
Hartford Courant

[WouldLoveTo]

Originally Posted by JayCT

Holy cow. It looks like the Rainy Day Fund is going to break the $3 billion mark and by as much as $260 million. The state comptroller was talking of it going to $2.6 billion but this is unprecedented being 12% of the current budget. This is great and shows the strength of Connecticut’s economy.

I just hope the Governor and Legislature don’t think they can start spending recklessly again. If anything they should leverage it as a down payment against the pension shortage. It could go a long way to lessen the future blow expected. Will see. Jay

https://ctmirror.org/2019/08/01/cts-...cedented-high/

You're making too much sense!

Do you think it's true? I seem to remember Malloy saying we had a surplus, and a month later it would be noted that it was a mistake and we were really in the red.

[beerbeer]

Originally Posted by JayCT

BUT, we are still No. 3. That is very very high. I don’t think ANY state would complain about being No. 3. Only people in our state would complain about it. Jay

Connecticut is eating its seed corn. Nothing is growing in the field.

Its economy is now competing with West Virginia and Wyoming. https://www.courant.com/politics/cap...sd4-story.html

It has been raining for a decade. Hell it's been raining for 44 years. What is the rainy day fund if you citizens are being taxed to to the point of moving out.

[JayCT]

So for all the Doom and Gloom some posters here like to claim, The Legatum Institute, a London based Think Tank, has ranked Connecticut No. 2 in the country (behind Massachusetts) on their prosperity index. What a great honor to be recognized by an international institution. Jay

https://usprosperity.net/

[Stylo]

Originally Posted by beerbeer

Its economy is now competing with West Virginia and Wyoming. https://www.courant.com/politics/cap...sd4-story.html

While I agree there are factors to be concerned about, that's a disingenuous statement. Our economy doesn't resemble those states in ANY OTHER WAY besides growth rate. We have a higher GDP, per capita GDP, income, number of Fortune 500 hq's, etc. etc. etc.

We were close to the top and are gradually falling. That's very different from a state that's closer to the bottom that's growing.

[JayCT]

Originally Posted by beerbeer

Connecticut is eating its seed corn. Nothing is growing in the field.

Its economy is now competing with West Virginia and Wyoming. https://www.courant.com/politics/cap...sd4-story.html

It has been raining for a decade. Hell it's been raining for 44 years. What is the rainy day fund if you citizens are being taxed to to the point of moving out.

No! This is only looking at growth of GDP. We rank No. 3 for real GDP per capita. Being No. 3 puts us no where near the bottom. It puts us at the VERY TOP. Not sure why people here refuse to understand this. Jay

[JayCT]

Originally Posted by WouldLoveTo

You're making too much sense!

Do you think it's true? I seem to remember Malloy saying we had a surplus, and a month later it would be noted that it was a mistake and we were really in the red.

Keep in mind that the Comptroller was projecting $2.6 billion a couple months ago. We will see. Jay