Connecticut Commentary: Red Notes from a Blue State

Now that Republicans have been cut out of the budget loop by Governor Dannel Malloy and progressive leaders in the General Assembly, future budgets will be assembled by Mr. Malloy, tax hungry progressives in the state legislature, SEBAC, a coalition of union leaders authorized to negotiate contracts with the state, and economists at the tax gobbling University of Connecticut (UConn). According to a story that ran in CTNewsJunkie , “Economists at the University of Connecticut recommended Thursday looking at instituting a statewide property tax to close more than $1 billion funding gap in the state’s education cost sharing formula.” In the UConn report, contributing economist Stan McMillen notes that Connecticut has underfunded its statutorily required share of educational funding to municipalities for the last 5 years by about $1.09 billion. The UConn report weighs a few gap filling options, including a sales tax increase to 8.3 percent and a boost in the income tax of 13.8 perc...