That’s what Connecticut needs: more hedge funders, who along with investment bankers and their exotic financial instruments, inflated the housing bubble, then got us to bail them out. Rell today, noting that the New York Assembly is considering taxing hedge fund pros who work in New York and live elsewhere, sent a letter to something called the New York Hedge Fund Roundtable asking them to relocate in beautiful Connecticut.
“As Governor, I stand ready to do anything possible to assist you. Our economic development professionals stand ready to help you find convenient, modern and prime office space,” she wrote. ” Our relocation specialists stand ready to aid your families in locating great homes and good schools. Our quality of life is second to none – one need only ask a colleague who already makes Connecticut his or her home about the many pleasures of living in our state. And I can assure you that Connecticut has been pursuing and will continue to pursue a much more enlightened approach to job creation and retention and economic development.Packing up and moving is never an easy decision – I understand that. However, I also understand that short-sighted decisions have long-term consequences. That understanding is a hallmark of good decision-making in any business. I encourage you to consider the attractive options Connecticut can offer, and invite you to contact my office directly to explore the matter further.”
What’s Stamford’s business vacancy rate? 25 percent?
The Blogster is reminded of one of Attorney General Dick Blumenthal’s few clear-cut victories in head-to-head courtroom encounters with the Empire State’s former attorney general\prostitute patron, Eliot Spitzer. It was 10 years ago, when the New York Assembly, in advance of a special state Senate election, voted to eliminate the New York City commuter tax for New York residents, but keep it for Connecticut, New Jersey and Pennsylvania residents who work in the Big Apple. The tax brought in about $360 million a year for the city. Blumenthal won the case, sparing state commuters from having to shell out. New York, with fiscal troubles that make Connecticut’s emerging multi-billion-dollar deficit, a mere trifle, has yet to revive the commuter tax. But the year is young, since that state’s fiscal year began without a new budget on April 1 and there is still no deal in Albany.