Former Gov. Rell wrote “Connecticut has been under one-party rule — not the balanced two-party system our founders intended. This administration, along with a Democratically controlled legislature, enacted the largest retroactive tax increases in Connecticut history — tax increases that have put a brake on the economy. The overall impact of these policies is that jobs and people are leaving the state. Many people can’t find work and many who have jobs can no longer afford to live in Connecticut.”
Barron’s confirmed that “Connecticut is the worst managed state in the country.” It has the highest combined taxes, highest debt and is business unfriendly. Due to these negative financial policies, economists had predicted continuing deficits for Connecticut and a longer recovery than other states. This is exactly what has happened.