As I understand it, they would be allowed to have a single building that is completely residential, as long as they also do commercial somewhere else. Or they could put 160 apartments in a building and a single little office and that office would be “commercial” and qualify. Definitely attend. We are only at this point due to a misleading question on the November ballot.
My comments are apolitical. My point is that CT is not run well, regardless of the name of the party in office. It is underperforming almost all other states in the union with respect to the economy. People are not leaving just to retire. They're leaving to find jobs and that is a major concern for the future of the state.
From the Hartford Business Journal.
The large number of people moving to high-tax states likely indicates people are chasing new job opportunities, among other potential reasons.
However, it should be noted that Connecticut used to be a tax haven back in the 1980s, before the state enacted its income tax, with people and companies moving here from high-tax states like New York.
That competitive advantage has been eroded over the last few decades, making it less painful for tax-conscious citizens to cross the border into a higher-tax state like New York.