Last week, Connecticut residents received two discouraging pieces of information. First, the state lost $2.6 billion in revenue during 2015 as high-earning individuals left Connecticut. Second, the Special Transportation Fund used to maintain and improve the state’s aging highways and rail lines is broke. The two are not entirely unrelated.
For years, the legislature siphoned money from the Special Transportation Fund to fill potholes into the General Fund. Without funding to repair and improve the state’s infrastructure, decay was inevitable. Neglecting transportation infrastructure negatively impacts economic development. Successful businesses must move people and products efficiently.