Last year, elected officials decided to balance the state’s budget deficit by borrowing approximately $1 billion dollars. To pay for that borrowing, they decided to use some of Connecticut electric ratepayers’ bills. Next week, the Connecticut Supreme Court is hearing arguments regarding the constitutionality of this taxing scheme. See Raising Hale’s investigative report for more details.
This is a job-killing tax that exponentially harms employers more than the average residential customer. It’s also great example of lawmakers saying one thing (lamenting our high electric rates), but doing another (raising electric rates via a new tax).