They’re calling it a “tax,” and it functions as one, but a reduction in hospital reimbursement rates is not a tax. Lower Medicare payments mean less income and more stretching of the revenue dollar. But hospitals in Connecticut, which are all non-profits to begin with, pay certain taxes, which seems a rather counter-intuitive situation.
The proof of Gov. Malloy’s budget will be in whether Connecticut's state employees in general wind up supporting whatever plans are worked out. It’s going to hurt a lot.
Removal of the old Ideal Forge factory in Southington to make way for Meridian Development’s Greenway Commons is expected to begin May 24. It’s going to take a while and more funding is needed, but it will be a start.
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