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SOS
Patterson Calls Off Tax On Non-Resident Hedge-Fund Managers– WHAT WILL JODI RELL DO NOW?
By Bess Levin
As has been previously mentioned, Connecticut Governor Jodi Rell wants a piece of New York-based hedge fund managers who don’t reside in the state. Earlier in the month she saw an opening when Albany proposed laying a $50 million tax on those managers only doing business in the state and she pounced. She started off by sending them a “simple yet heartfelt message” (which was “Connecticut welcomes you”). She then upped the ante last week by inviting them to not just a steak dinner but “an intimate dinner” (yes, intimate, now). “We have much to discuss! The meeting will be intimate, direct and private,” she said, maybe overselling. She set the date for August 2 and while it wasn’t clear whether anyone had RSVP’ed, Rell could just feel it was going to be a big night. Now, because he is a jerk, David Patterson has all but ruined Rell’s plans. Read more »