Gov. Ned Lamont has proposed a biennial budget – his first since taking office – that provides for a stable, prudent future for the State of Connecticut. Disruptive cuts in aid to municipalities are averted, providing a glimmer of hope for property tax reform in the future, although new initiatives to reduce property taxes were lamentably absent.
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.
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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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