Letter to the editor: Problem is spending; results are clear
In Dan Haar’s latest piece he reports that tax revenue has steadily dropped under the Malloy administration costing us now to the tune of $3 billion per year. This fact led Dan to claim that the state has a revenue problem and not a spending problem.
Well, Dan, I’ve got news for you: Connecticut now has a revenue problem because of our spending problem! Years of bloated budgets and poorly negotiated labor deals led to the state increasing personal and business taxes and the institution or increases of all kinds of fees and other regulations. The result of the taxes, fees and regulations led people and businesses to leave the state and discouraged businesses from moving in. The census results from July 2017-18 put Connecticut in the top 10 nationally in population decrease, with high-tax states New York and Illinois in the top two. (By the way, low-tax states Florida and Texas, were the top two in population gains.)
So please, let’s not anyone be surprised that when you overspend and then tax to make up the difference people will leave and take their revenue with them. The facts are in!