Senior Flight And The Cost Of Living Allowance Freeze-w32dasm

UnCategorized Senior flight is one of the top concerns of Connecticut’s local government, wherein many seniors who are unable to cope with the state’s tax burden migrate to other regions that implement lower taxes. This began some years back, when estate tax was introduced to help augment the local budget. A 2008 study on the effects of estate taxes found that around 28,000 households moved to Florida, apparently because of the lack of inheritance taxes and personal in.e tax in the Sunshine State. The everyday cost of living also contributes to the departure of many seniors and their families. To make matters worse, the cost-of-living allowance increase freeze is likely to add to the numbers of out-of-state migrants who depend mostly on Social Security benefits. Usually, periodic COLA increases occur, but negative inflation in the past couple of years has left these payments unchanged. In a recent forum sponsored by the AARP, Representative Jim Himes says that senior citizens are having even more financial troubles because of the lack of a COLA increase. He also says that Social Security owes these increases to retirees in exchange for their contributions. On the other hand, some experts say that the negative inflation rates from 2009 to 2010, in addition to local government assistance programs, should be enough to keep retirees in Connecticut. The social services offered in Ridgefield, for example, give fuel assistance to those households that use oil, gas, or electricity in their homes. There’s also a program that gives renters rebates, while another program gives homeowners property tax deferrals. The elderly may also benefit from Wilton’s Stay-at-Home program, which provides aid to seniors who do not want to retire in assisted-living homes; while Fairfield has established a senior center to help those who can’t make ends meet, aside from having an effective program for tax relief. Most local officials conclude that these programs may be helpful, but only to a certain extent. The bottom line, Representative John Hetherington says, is that taxes overburden the average household’s budget, making senior flight an attractive option for many. About the Author: 相关的主题文章: