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AFP-Connecticut Launches Countdown to Tax Freedom Day

May 06, 2013

HARTFORD, Conn. — Americans for Prosperity-Connecticut is launching their countdown to Tax Freedom Day today.  For the next five days, the group will highlight various “lowlights,” or reflections of the state’s poor fiscal well-being. According to the Tax Foundation, this year’s Tax Freedom Day for Connecticut is May 13, the latest in the country and eight days later than in 2012. Americans for Prosperity-Connecticut is carrying out a petition drive to let elected officials in Hartford know the state’s taxpayers are tired of being treated like revenue sources.

“The Institute for Truth in Accounting lists Connecticut among its ‘sinkhole states’ and ranked Connecticut’s financial status as the worst in the nation with a debt burden of $49,000 per taxpayer,” said JR Romano, Americans for Prosperity-Connecticut state director. “This is a testament to where over-spending leads: dead last. The time to stop over-spending is now, yet Governor Malloy has proposed a budget that blows past the spending cap limit that he has championed by $466 million in the next fiscal year.”

According to the latest projections, Governor Malloy’s proposed budget would lead to a $680 million deficit in the first year budget of the next term with the possibility of a nearly $800 million deficit by the second year.

“Even though we are already ranked 50th among the states for our financial situation, Governor Malloy’s budget finds a way to lower us even deeper into the sinkhole,” continued Romano. “Eventually, the state will sink so low that nothing can bail us out. We must stop over-spending now, stop treating residents like revenue sources and get our state back on the path to economic prosperity.”

The Americans for Prosperity-Connecticut petition, I’m a Resident, Not a Revenue Source, is available by CLICKING HERE.

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