In Salary and Benefits During Fiscal Year 2011 Information Obtained from - State of CT
Transparency Website - Dec 2011
For Additional Information on State Employee
Salaries, Benefits, and Pensions, as well as vendor information, visit the
State’s Transparency Website at ….. http://transparency.ct.gov/html/main.asp
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Connecticut Taxpayers are Taxed to
the Max!
Recently, Governor Malloy
imposed the largest tax increase in the history of the state of $1.5 billion
while guaranteeing state employees a 9% wage increase and job guarantees.
The State’s latest Fiscal Accountability Reportfor years 2012 through 2016 highlights $71 Billion in long term obligations including debt, unfunded
pension liabilities, and unfunded post employment retirement benefits.
Additional taxes could be on
the horizon when reflecting on the following news headlines.Also beware!Many towns are facing revaluation.Property values may go down – but mill rates could dramatically increase
affecting not only homeowners and businesses but property taxes on automobiles and
personal property as well!
As the Federation of CT
Taxpayer Organizations continues to provide taxpayers with greater transparency of their government, we offer below a delineation ofState Revenues
by Fund, Tax Type and Account for Fiscal Years
2007 and 2008 through to and including Fiscal Years 2010-2011.A fiscal year runs from July 1 to June 30
of any given year.
We extend our sincere appreciation to Bob Young, FCTO’s secretary and treasurer,
for the time he dedicated to assembling this information.
The amounts spent on lobbying ranged from $710,000 by Intergrys Energy Group to $84 million by General Electric.
Others that spent heavily on lobbyists were PG&E (PCG), Verizon (VZ), Boeing (BA) and FedEx. It all added up to a total of
almost half a billion dollars -- $476 million -- over three years. Or, as the
report notes, "in other words, roughly $400,000 each day, including
weekends." The same firms spent an additional $22 million on donations to
federal campaigns. Logically enough, the two biggest contributors were defense
contractors: Honeywell International (more than $5 million) and Boeing ($3.85
million). General Electric wasn't far behind ($3.64 million).
For a complete list of the companies surveyed,
as well as information on executive compensation, read the full report. See full article from DailyFinance:
http://srph.it/rBt7cU
An Associated Press report this week on census data found that “a record number of Americans —
nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that
classify them as low income.” The report said that the data “depict a middle
class that’s shrinking.”
An October report from the Congressional Budget Office found
that, from 1979 to 2007, the average real after-tax household income for the 1
percent of the population with the highest incomes rose 275 percent. For the
rest of the top 20 percent of earners, it rose 65 percent. But it rose just 18
percent for the bottom 20 percent.
By KadhimAjrash
and NaylaRazzoukDec. 18 (Bloomberg)
-- Iraq,
the holder of the world’s fifth-largest crude deposits, boosted oil exports 1.9
percent this month to an average 2.175 million barrels a day, said the director
of the State Oil Marketing Organization. The country may export at an average
2.6 million barrels a day next year, Falah Al-Amri said in an interview yesterday. Iraq exported 2.135 million barrels
a day in November. Continued at …. http://www.businessweek.com/news/2011-12-18/iraq-increases-december-oil-exports-by-1-9-from-month-earlier.html
Boehner Says House G.O.P. Opposes Deal on Payroll TaxBy RON NIXON 5
minutes agoWASHINGTON — A day after
the Senate overwhelmingly approved legislation to extend a payroll tax cut for
two months, House Republicans made clear Sunday that they would not support the
measure.Speaker John A.
Boehner, who was among the Republican and Democratic leaders who on
Friday had worked out a deal on the $33 billion package, did an about-face on
Sunday and said he and other House Republicans were opposed to the temporary
extension. The Senate on Saturday
approved by an 89-to-10 vote a package that would
extend a payroll-tax holiday for millions of American workers, extend
unemployment benefits and avoid cuts in payments to doctors who accept Medicare. The measure would be effective through February.
Continued at ….. http://www.nytimes.com/2011/12/19/us/politics/house-republicans-oppose-senate-deal-on-payroll-tax-cut-boehner-says.html?hp