There’s probably no better time than now to look at ways to equalize vehicle taxes, given that the new federal cap on state and local taxes means that tens of thousands of Connecticut filers may no longer be able to deduct vehicle taxes on their returns.
Read MoreRepealing Connecticut’s estate tax is a solution in search of a problem. Nonetheless, momentum appears to be building to eliminate a levy paid by the super-wealthy, a tiny clique who have already benefitted enormously from last year’s federal tax law.
Read MoreI am focusing more on process reforms than on substantive policies because my experience as an elected official for 22 years in Connecticut has taught me that legislative procedures often have as much to do with successful legislative outcomes as does the merit of a policy. The legislative process is the way a good idea can die a thousand deaths so understanding why
Read More…the responsibility of moving our State education system forward rests with State elected leadership. We hope they accept this challenge and adopt a higher standard. Our State’s future depends on making this the top priority and working together to provide more than a minimally adequate education system.
Read MoreConventional wisdom is that the total price charged by the state and its local governments in Connecticut is one of the most burdensome in the country. A common measure upon which this conclusion is based is the total amount we residents pay in state and local taxes, relative to our aggregate personal income, i.e., our capacity to pay. On this basis, the Tax Foundation tells us that Connecticut ranks either first or second highest in the nation, depending on which of two analytic models it uses.
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A PLEA TO THE GENERAL ASSEMBLY: RE-EXAMINE THE ‘BUDGET GUARDRAILS’ AND REBALANCE CONNECTICUT’S STATE-LOCAL FISCAL SYSTEM
An in-depth analysis of the constitutionality of Connecticut’s fiscal guardrails, written by Alex Knopp, PUBLISHED IN JANUARY 2025.
A PLAN FOR PROPERTY TAX REFORM IN CONNECTICUT, UPDATED IN DECEMBER 2022.
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%.
The Property Tax Working Group provides the public, news media and elected officials with information, data, and investigative reports highlighting responsible tax policy alternatives for the State of Connecticut.
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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