The post-legislative-session months of summer offer a time for probing thorny issues and reflecting on them in the light of day. We should therefore applaud a series called The Cities Project, “…a collaborative journalism and reporting project on how to revitalize Connecticut cities.
Read MoreThere’s an awful lot in this budget that leaves observers incredulous. About the best you can say about the two-year, $43 billion state budget adopted this week by the General Assembly is that it was approved on time and is mostly balanced, with the exception of some hoped-for savings from state employees that may or may not materialize.
Read MoreSecret plans are not a common occurrence at the state Capitol, which often functions as an echo chamber. Yet a plan to scrap the state’s personal income tax in favor of a payroll tax was a largely held secret. The legislature should NOT buy a pig in a poke. At the very least, this proposal should be thoroughly vetted and the many questions it raises satisfactorily answered.
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The 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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