Connecticut Strives for Highest Electricity Rates in the USA

By David Middleton – Re-Blogged From WUWT

I was born in Connecticut. I was educated in Connecticut. I have never regretted emigrating to Texas nearly 40 years ago…

Connecticut’s offshore wind deals may drive up electricity costs for consumers
ENERGY
MARC E. FITCH SEPTEMBER 14, 2020

As Connecticut lawmakers and Eversource executives battle back and forth over rate increases and Eversource’s response to storm Isaias, offshore wind agreements set in place by Connecticut could potentially drive electricity rates even higher in the future.

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Connecticut May Be Tapped Out on Taxing Rich Folks

By R Williams – Re-Blogged From Newsmax

Connecticut, the wealthiest U.S. state with a per capita income of $39,373 a year, can’t rely on taxing rich people to close its budget deficit, The Wall Street Journal reports.

 “Gov. Dannel Malloy has twice before bet that taxing the wealthy would help solve the state’s fiscal problems,” the newspaper reports. “But neither increase resulted in sustained revenue growth, according to his administration, which says it would be a mistake to do it a third time.”

The New England state faces a budget deficit of $400 million and deteriorating fiscal problems that have led bond-rating firms to lower the state’s credit rating. Connecticut also leans heavily on high-paid hedge fund workers.

Image: WSJ: Wealthy Connecticut May Be Tapped Out on Taxing Rich Folks
(Dreamstime)

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