Danbury Mayor Mark Boughton, who has formed an exploratory committee for a statewide run for office in 2018, is weighing in on Aetna's potential move out of Connecticut. The insurer is looking to move because of what he called the disastrous policies of the last seven years. He discussed the topic on Facebook Live. Aetna has called Connecticut home since the 1880s, and if they move, Boughton says the company could take $8 million in tax revenue with them.
If they leave, Boughton says the ripple effect will be innumerable. Nearly 6,000 employees work out of the Hartford headquarters.
Boughton says the Malloy-Wyman administration's policies have created the death spiral that Connecticut is currently in. He specifically cited the billions of dollars in deficits facing the state over the next two fiscal years.
He then moved into a discussion of his plans, if elected to higher office. He plans to look at ways to reduce or remove the state income tax. Boughton says Connecticut has seen declines since it was implemented, and his plan is one way to spur economic growth.
Boughton also wants to streamline the permit process. He says it takes too long right now for businesses. Danbury has implemented something called concurrent permitting where developers submit one set of plans, at one time, and get an answer quickly.