Retirees in Connecticut face one of the widest financial gaps in the nation if they rely solely on Social Security to cover their expenses. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index, seniors in the Nutmeg State have an annual shortfall of $5,436, or about $453 per month, even with their mortgage paid off.
Lamont acknowledged concerns from the finance industry about Mamdani in an interview with Bloomberg Television at the Greenwich Economic Forum. Connecticut serves as a hub to the hedge fund industry and is home to many commuters. "New York City is the financial capital of the world - and we're a big piece of it here," Lamont said. "I want to make sure that the next mayor understands how important New York City is to that system and that's important to Connecticut."
Our team has built a strong reputation representing clients in New York City, The Hamptons and Florida, so expanding into Westchester [County] and Connecticut felt like a natural next step, Michael Lorber, the co-founder of the team, said. Many of our buyers and sellers already have homes across these markets, and we want to offer them the same level of service and expertise wherever they live.
"Residents of high-tax states suffered the most with the previous cap on state and local taxes (SALT), because their taxes far exceeded the cap, they were not able to deduct the full amount like residents in low-tax states."
Flash flooding could impact parts of south central and southeastern Massachusetts, Connecticut, and Rhode Island, according to Boston meteorologists. A flood watch is in effect from 2 PM Tuesday to 2 AM Wednesday for Norfolk, Suffolk, Bristol, Hampden, Plymouth, Barnstable, and parts of southern Worcester County.
Built in 1811, the Eleazar Bulkley House, a Federal-style historic home in Southport, Conn., is on the market for $5.49 million, featuring extensive renovations.