Our Tax Structure in Connecticut is Broken
/Our tax structure in Connecticut is broken and doing nothing about it is a choice. We must understand and acknowledge the problem, and then we must fix it.
Read MoreOur tax structure in Connecticut is broken and doing nothing about it is a choice. We must understand and acknowledge the problem, and then we must fix it.
Read MoreFor the 2023 General Assembly, I can think of no better New Year’s resolution than to finally reform Connecticut’s unfair, inefficient and burdensome property tax system.
Read MoreThe ideas for carving up Connecticut’s surging budget surplus are flowing faster than the waters of the Long Island Sound after a nor’easter. But the one tax proposal that would do more to restore Connecticut’s economic hegemony is reform of the state’s unfair, regressive, inefficient and onerous property tax.
Read MoreConnecticut’s over-reliance on the property tax as a revenue source is hitched to economic stagnation, education disparities, questionable land use decisions, and much more. Years of tinkering around the edges of tax reform, however, has yielded more heat than light.
Read MoreThe biggest problem facing Connecticut is the absence of a positive narrative that truly reflects what is actually going on in our state.Prominent among the little told facts about Connecticut are these…
Read MoreThe Property Tax, which is collected by municipalities, has the largest tax impact on Connecticut households.
The Property Tax’s $7.3 billion impact equates to almost 42% of the entire tax incidence. The Personal Income Tax accounts for 1/3 of the tax incidence, Sales and Use is almost 15% and Excise Taxes are 4%.
A project of 1000 Friends of Connecticut, the Property Tax Working Group shares the latest news, perspectives and relevant background as issues are considered by state policymakers.
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