August 5, 2011
From The Federation of Connecticut Taxpayer Organizations
Contact Susan Kniep
Website: http://ctact.org/
Email: fctopresident@aol.com
Telephone: 860-841-8032
OP-ED | ‘Shared Sacrifice’ a Joke as
Political Establishment Remains Untouched
Supreme Court ruling threatens public access to town records
Connecticut Law Tribune
‘Not My Job’: UConn
Trustees Turns to Consultants to Perform Key University Tasks
An in-depth discussion of the
legal challenges to health reform
By Deirdre Shesgreen on August 4,
2011 Need a primer on the web of legal challenges to
the health reform law? SCOTUSblog will be hosting an online symposium for the next
two weeks on the Affordable Care Act and the high court, if and when the
Supreme Court will examine the law, what the legal questions will be, and how
the justices might rule. Read more http://www.ctmirror.org/node/13495
Connecticut's future hinges
on U.S. debt bill: official NEW YORK | Mon Aug
1, 2011 (Reuters) - Connecticut was one of 24 states that lost payroll jobs in
June, Lembo said, predicting that at the current rate
of job growth it will take more than a decade for the state to win back the
over 100,000 jobs lost due the recession. The still-weak real estate market
also could hobble the recovery. In Connecticut,
for example, home prices slid 9.9 percent in the first quarter of 2011 compared
to 2010, Lembo said.
Continued at ….. http://www.reuters.com/article/2011/08/01/us-connecticut-budget-idUSTRE7704F320110801
Jon Lender: NO•WAY: DMV Has 'Blue Plate' List Of Banned Phrases
Tax Burden Likely To Shift To
Homeowners Manchester - Homes In All
Value Ranges
Have Depreciated Since 2006. With
completion of the 2011 revaluation, homeowners will likely carry more of the
local tax burden than they have in the past five years. Continued …..
http://articles.courant.com/2011-08-04/community/hc-manchester-revaluation-0805-20110804_1_revaluation-vision-appraisal-technology-property-assessments
Commandos killed in Afghanistan were fighting war few see
ConnDOT Faces $1.5 Billion in Cuts
Cathryn J. Prince, Aug 6, 2011 What’s
less clear is whether the proposal is a political ploy or real possibility
What happens after the
meltdown? While it's almost over, price damage calls into question the
3-year-old bull market. By Anthony Mirhaydari on Fri, Aug 5, 2011 12:35
PM It didn't have to be this way. We had a nice
tailwind in June and early July. But policy errors have brought us here --
specifically, the debt ceiling debate. The sell-off that started with the realization that politicians,
harboring a toxic mix of immense naivete and
undeserved self-assuredness, were willing to toy with the very foundations of
the global financial system: U.S.
Treasury bonds. These are the
"risk-free" assets by which all other securities are judged, the
oxygen that sustains the world of high finance. This has shaken confidence and
fueled a mini-financial panic not unlike what happened in fall 2008 when the
Bush administration's first bank bailout proposal was defeated in the House of
Representatives and Lehman Bros. was allowed to fail. Read complete article at http://money.msn.com/investment-advice/article.aspx?post=2986d50d-55cf-44fe-8727-78821e3b1233
Taxing the rich makes state revenue stream more volatile
By Keith
M. Phaneuf Aug 5, 2011 CTMirror.org Advocates for a more progressive
state income tax won key battles in 2009 and again this spring as new top rates
place even higher burdens on Connecticut's wealthiest households. But that comes a price: higher volatility in tax revenues tied to the
ups and downs of Wall Street. Read more http://www.ctmirror.org/story/13505/state-income-tax-increasingly-relies-volatile-wall-street-earnings
NY turns into flee market 1.6M bolt high-tax state in last decade By ERIK KRISS Albany Bureau Chief August 3, 2011 Taxed-out New Yorkers are voting with their feet, with a staggering
1.6 million residents fleeing the state over the last decade, a new report
found.
Read report at http://www.nypost.com/p/news/local/ny_turns_into_flee_market_ZhSgLLASSZQcppjnOSP4vI
Read More News on Public Sector Unions at http://ctact.org/
under UNIONS on the left hand side of the screen….
Deal Slices Public Employees' Pensions in Detroit By: Michael Cooper, Mary William Walsh The New York Times New York Times 26 Apr 2011, When an arbitrator ruled this
month that Detroit could reduce the pensions being earned by its police
sergeants and lieutenants, it put the struggling city at the forefront of a
growing national debate over whether the pensions of current public workers can
or should be reduced. Continued at http://www.cnbc.com/id/42760909