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CT Comes in 44th on Survey of Business -Friendly States

The CNBC report that ranks the 50 states cited Connecticut's high taxes and regulations as reasons for its poor showing.

 

A new national report puts Connecticut near the bottom among the states for business in 2012, with the cost of state government, and taxes and regulations cited among the causes.

The report by CNBC ranks Connecticut 44th in 2012, down from 39th in 2011.

Patch readers . Recent reports that said the state was overspending its revenues even after significant tax increases and spending cuts raised the possibility that .

Nevertheless, , outpacing neighboring states, a factor that was noted in the CNBC report.

Skip Clapp July 16, 2012 at 12:55 PM
This report should be a wake up call to our state officers and elected officals. The working population of CT have known this for some time.
--- July 16, 2012 at 01:16 PM
Hm. I'm trying t piece this together. In 2012 we are cited as having the 44th worst economy as far as growing businesses, yet in 2011 we were sited as having the 9th fastest growing economy. Interesting. How do we reconcile this, for it seems to be contradictory. Are we a financial powerhouse, or are we in deep trouble?
Dan Carter July 16, 2012 at 06:13 PM
For the record, I have been vocal and totally honest about where we stand with our economy, unlike many others in Hartford. Our Governor and the majority in the legislature spent almost 4 billion over the previous budget. I and my fellow republicans had introduced an alternative budget that did not increase the state’s spending. We also fought the majority when this spring when they delayed the state’s October revenue reports till after the November election. Those are the facts. Until we get more legislators who will exercise some common sense and act with integrity, we will continue to flounder as a state. Based on the shenanigans by some of the Democrats in Hartford over the last few years (actually decades), I think there may be a few more good legislators elected in November. The closer Republican’s get to being a majority, the closer the Democrats will be to working together for our state.
Skip Clapp July 16, 2012 at 07:05 PM
We need more civility in our government. Over the past few years it seems that if one party is in the majority, the other one has no good ideas. B/S. When our elected officials start to understand that everyone has something good to contribute, then and only then will the citizens of the state and for that matter the nation start to see an improvement. We need to get along (as was the case decades ago) or this country as we know it will cease to exist.

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