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James C. Smith and Robert Patricelli, co-chairmen of the Commission on Fiscal Stability and Economic Growth, outlined the challenges and possible solutions facing Connecticut's economy.
Edmund J. McMahon, the founder and research director of the Empire Center for Public Policy, called Gov. Andrew Cuomo’s payroll tax proposal “a solution in search of a problem.”
The Connecticut Democrat warned that the GOP tax plan would "eliminate your ability to deduct state income taxes and cap your property tax deduction."
The survey by Sacred Heart University found half of respondents with salaries above $150,000 debating a move out of Connecticut within the next five years.
The Connecticut Department of Revenue Services announced the arrest of 10 people and the seizure of more than $50,000 in cash and $234,000 in contraband tobacco.
Seventy-seven percent of companies surveyed for the CBIA said they were engaged in international trade.
Connecticut actually holds significant advantages that few other states have, according to the report.
New data finds 36,028 Connecticut-based immigrant entrepreneurs who generate $1.1 billion in income.
Towns and cities originally were told sales tax revenue sharing would amount to $246 million this fiscal year, but that figure was cut to $185 million.
The Constitution state lags behind only California and Hawaii, according to Kiplinger.