HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization group, argues legalization will cost Connecticut money and have a significant impact on quality of life issues.
Smart Approaches to Marijuana [SAM], in conjunction with the Connecticut chapter of SAM (CT-SAM), released a what it calls a “comprehensive report” that projects legalization would cost the state $216 million, adding “far outweighing even the rosiest tax projections.”
"Everyone likes to talk about the assumed revenue that marijuana legalization would bring to a state, but no one likes to discuss the costs affiliated with such policy measures," said Kevin A. Sabet, a former Obama Administration drug policy adviser who is now head of the anti-legalization group Smart Approaches to Marijuana (SAM). "This report will hopefully give lawmakers in Connecticut reason to pause and consider the implications of such policies."
By: Keith M. Phaneuf |ctmirror.org
Advocates for legalizing recreational marijuana use in Connecticut — and taxing its sales — are hoping a holistic, economic argument will win the day this year.
Supporters say the potential to bolster the state’s tourism industry, create jobs, and even encourage young professionals to locate here, should attract votes for an issue that couldn’t get a vote in the House or Senate in 2017.
Hartford: Governor Dannel Malloy thinks the Federal government has been so good to business that a little more tax coming their way is just fine.
According to a review of the Governor’s proposal by the Hartford Courant changes in two business taxes are geared to raise $43 million in revenue. Manufactuers however will be able to sidestep some of the increase.
A 10% corporate surcharge slated to end in 2019 will now stay in place at the rate of 8%.
FAIRFIELD: A new survey reports what most Connecticut residents feel about the state of the state.
Sacred Heart University’s Institute for Public Policy poll reports that, “residents were looking for a resolution to the state’s fiscal crisis, the bipartisan budget the state legislature passed last October did little to alleviate their concerns. And cuts to education funding further exacerbated concerns about future growth.”
The statewide public policy poll was conducted in early January, and also covered quality-of-life issues, the high cost of energy and taxes and the state’s general direction.
BOSTON: Concern about the Federal Reserve raising interest rates in the face of good economic news may have sent the stock market reeling, but ten Connecticut cities will be getting good news from the Fed, with the Working Cities Challenge.
Bridgeport, Danbury, East Hartford, Hartford, Middletown, New Britain, New Haven, Norwich, Torrington, and Waterbury are to receive $15,000 “design grants,” to “support cross-sector collaborative leadership and ambitious work to improve the lives of low-income people in Connecticut's cities"
Following a six-month design phase, the cities will compete for larger implementation awards expected to be between $300,000 and $500,000. The goal of the Challenge is “increasing job opportunities for various populations (youth, Latino, single-headed households); aligning workforce training with local industry needs; retaining and attracting a younger workforce; and reducing barriers to employment (basic life skills, childcare, and transportation).”
HARTFORD: Tesla is looking to a new legislative session in their effort to enable its “direct-to-consumer business model” and sell its electric cars in the state. According to a company release Tesla says it “remains eager to invest in new locations and employ workers that would address the consumer demand that exists for its electric vehicles and energy products.”
The company has cited an interest in opening as many as eight dealerships in Connecticut with an anticipated employment of 25 employees in each on.