tag:blogger.com,1999:blog-9069955.post7230943988801896463..comments2023-10-26T08:02:44.948-04:00Comments on Connecticut Commentary: Red Notes from a Blue State: The Interesting Times of Dannel MalloyDon Pescihttp://www.blogger.com/profile/11167988001948356357noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9069955.post-26857407746461101292012-12-15T09:12:13.926-05:002012-12-15T09:12:13.926-05:00The state's investment for the Foley lease is ...The state's investment for the Foley lease is a quarter of the $2 million needed to outfit the 17,000 square feet for Foley on the South Armory's second floor. The remainder came from Chevron's tax-credit financing arm, the majority investor in the project.<br />-------------------------<br />Let's see, Foley is in the business of helping truckers comply with government regulation. It's getting an "investment" (i.e., handout/grant) from the State to move from Glatonbury, Ct. to Hartford, Ct. The rest of the money Foley needs to move to the run-down Colt factory comes from an oil company (Chevron) which apparently is also in the "business" of translating tax credits into cash. As time goes on the "developer" of the complex may be given $5million already bonded by the Nutmeg State in order to fix up the building with the onion. Maybe John Larson and friends will succeed in getting the feds to "designate" the Colt complex a National Park.<br />Now I understand why they call it the Colt "complex." The place used to actually make stuff. Now it's the plaything of bureaucrats and pols, and corporate welfare beneficiaries.<br />peter brushnoreply@blogger.comtag:blogger.com,1999:blog-9069955.post-24222248276598679612012-12-14T13:08:07.934-05:002012-12-14T13:08:07.934-05:00Great comment Peter. In the meantime, this keeps h...Great comment Peter. In the meantime, this keeps happening:<br /><br />http://www.courant.com/business/hc-foley-carrier-services-colt-20121213,0,1852385.story<br />Don Pescihttps://www.blogger.com/profile/11167988001948356357noreply@blogger.comtag:blogger.com,1999:blog-9069955.post-56394378606067561752012-12-14T10:07:57.679-05:002012-12-14T10:07:57.679-05:00no indication thus far that Mr. Malloy, having sec...no indication thus far that Mr. Malloy, having secured Republican support without which he will be unable to make cuts necessary to balance his first budget, will NOT once again stiff Republicans and shoo them out of the room when the time rolls around to present to the Democratic General Assembly a second budget<br />------------<br />I'm inclined to give Malloy more credit than his D.C. associates Pelosi, Reid, B.H.O. At least he can pay lip service to the need for government spending cuts. We'll see if he can get enough of his Dem legislators to keep his no-new-tax-for-now pledge. <br />On the other hand, perhaps Malloy, because he can't borrow/print money,is forced more than his ideological compadres in Washington to acknowledge gross fiscal mismanagement. So that, as you suggest, when it comes time for the next budget it'll be more blind taxing and spending for busways and corporate giveaways.<br />It'd be nice if our guys were to take a look around at other states. Even R.I. is making some progress in dealing with the government worker compensation problem. (And, it's obviously not just a State problem, but one foisted on the municipalities by the State.) It'd be especially nice if our guys could also look at our State operations in education and "human services," particularly, and make programmatic cuts. And, what's that 12% of the budget labelled "non-functional," and why is it so small? http://www.senatedems.ct.gov/Budget.phppeter brushnoreply@blogger.com