For those who have been following its economic and tax fortunes, Connecticut has been lagging behind other states and has a millstone of unfunded pension liabilities around its neck. Depending on whom you ask, the unfunded pension liabilities for the State Employee Retirement System and the Teacher’s Retirement Fund are $39 billion, if government standards are applied, they are in excess of $100 billion if private sector accounting standards are applied. While Connecticut has contributed more to these pensions in the last few years, Connecticut at the same time has been losing population; seen more capital and high earners leave the state than enter the state; and the budget shortfalls continue unabated.
I wanted to reveal how one governor candidate, I, decided on a vote what may have been tangentially important to you: the Farmington High School rebuild. [Last June, Farmington voters rejected a $135 million renovation to their high school by a margin of nearly two to one: 2,411 in favor to 5,029 opposed. — Ed] At an estimated $138 million for a building, it was a mis-prioritization. I believe strongly in education — I’ve worked with private and public schools for almost 20 years — but look what $138 million alternately buys for our students:…
We must legalize recreational marijuana in Connecticut. It’s time our state joins the forward thinking people of Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Washington, and Vermont to put an end to this modern day prohibition.