[JayCT]

The Connecticut House of Representatives has voted to cancel $1 billion in bonding. Will be interesting to see if it passes the Senate and if Malloy signs it or not. Jay

$1B in bonding canceled | HartfordBusiness.com

[HumpDay]

Originally Posted by JayCT

The Connecticut House of Representatives has voted to cancel $1 billion in bonding. Will be interesting to see if it passes the Senate and if Malloy signs it or not. Jay

$1B in bonding canceled | HartfordBusiness.com

Approve this and try to cut as much as possible. Cut welfare services and programs as well as laying off additional state employees. The state should focus on cutting taxes for businesses instead of adopting anti-business rhetoric which is tax businesses as much as possible and once they threaten to leave, give them incentives to stay. So in reality, businesses will be paying taxes but once they "threaten" to leave, they'll get the money back in return to stay. Makes no sense when they could just lower taxes in the first place.

[Sigequinox]

Originally Posted by HumpDay

Approve this and try to cut as much as possible. Cut welfare services and programs as well as laying off additional state employees. The state should focus on cutting taxes for businesses instead of adopting anti-business rhetoric which is tax businesses as much as possible and once they threaten to leave, give them incentives to stay. So in reality, businesses will be paying taxes but once they "threaten" to leave, they'll get the money back in return to stay. Makes no sense when they could just lower taxes in the first place.

Amen on all of the above. And yes , while I have not seen or run the numbers myself, I'd bet my house CTs wise strategy of driving out business and then paying for it to stay is a net negative venture. Those states who are paying big $$$ to bring in NEW business are the net gainers.

But it's all okay, we are doing this so we can suck now, that way sucking won't feel so bad during the next recession

[Henry10]

Originally Posted by JayCT

The Connecticut House of Representatives has voted to cancel $1 billion in bonding. Will be interesting to see if it passes the Senate and if Malloy signs it or not. Jay

$1B in bonding canceled | HartfordBusiness.com

2016 has been a bad year for CT's bond ratings. Both S&P and Fitch downgraded CT. Last time this happened was in the mid-70s.

Not a good time to borrow.

It seemed that none of cuts affected the bureaucracy, which even managed to keep the $ 180 million for renovating its offices.

State Office Building Has History, Big Renovation Price Tag - Hartford Courant

[hartford_renter]

Originally Posted by Henry10

2016 has been a bad year for CT's bond ratings. Both S&P and Fitch downgraded CT. Last time this happened was in the mid-70s.

Not a good time to borrow.

It seemed that none of cuts affected the bureaucracy, which even managed to keep the $ 180 million for renovating its offices.

State Office Building Has History, Big Renovation Price Tag - Hartford Courant

The Democrats will never cut spending EVER. They will just keep raising taxes again and again and again and again.

Connecticut is literally circling the drain

[Henry10]

Last year some CT economists said that 2016 looks bright for CT. CT’s 2016 economic outlook bright | HartfordBusiness.com

They may have been right, if CT was isolated, lived in its own Ivory Tower, with no connection to the rest of the country or the world. But 2016 is shaping up to be a bad year for US economy and even world's markets.

My point is that -- the economic world is interconnected by a million links, and CT's economy should be looked at, not only within CT's actors / factors, but also those national or even worldwide.

I know this makes Jay's work difficult to manage what's on-topic, and what's not, but you just can't exclude the rest of country or the world.

[JayCT]

Originally Posted by Henry10

2016 has been a bad year for CT's bond ratings. Both S&P and Fitch downgraded CT. Last time this happened was in the mid-70s.

Not a good time to borrow.

It seemed that none of cuts affected the bureaucracy, which even managed to keep the $ 180 million for renovating its offices.

State Office Building Has History, Big Renovation Price Tag - Hartford Courant

Have you ever been in that building? It is kind of scary since has not been renovated since it was built. Whether they like it or not, the renovation has been long overdue. It is a huge building so $180 million will not go far. Jay

[JayCT]

Originally Posted by hartford_renter

The Democrats will never cut spending EVER. They will just keep raising taxes again and again and again and again.

Connecticut is literally circling the drain

Uh... I am pretty sure they are cutting spending right now. Jay

[hartford_renter]

Originally Posted by JayCT

Uh... I am pretty sure they are cutting spending right now. Jay

Why don't your read the report.

http://www.ct.gov/opm/lib/opm/budget...highlights.pdf

Its all been increase after increase. Jay lets at least get our facts straight.

You may want to believe that they will cut spending, it has never happened and never will happen under the Democrats. EVER.

The only way we will reduce spending is when our government goes bankrupt. This is going to happen, to our pension system which is less than 50% funded. Its only a matter of time and game over.

[HumpDay]

Originally Posted by JayCT

Have you ever been in that building? It is kind of scary since has not been renovated since it was built. Whether they like it or not, the renovation has been long overdue. It is a huge building so $180 million will not go far. Jay

There's air vents in practically every window. The building does look tired and dull from the outside. The Travelers Tower is about a decade older than this building and yet it has had dozens of major renovations over the years. The fact that this building has had none is kinda shocking. I can imagine this place as one of those REALLY old Bronx, NY high schools with the metal bars on its windows. I can hear taxpayers cry about this one.