TAKE A LOOK… Re-Examine the Budget Guardrails and Rebalance Connecticut’s State-Local Fiscal System

LATEST NEWS
Is CT's financial glass half full, or half empty?
Is CT's financial glass half full, or half empty?

Connecticut is one of the few states yet to recover all the jobs it lost from the peak employment levels it reached in March 2008 during the early months of the Great Recession. Think about it.

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Our Tax Structure in Connecticut is Broken
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.

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Miles to go on CT transportation improvements
Miles to go on CT transportation improvements

Connecticut has finally begun to get its transportation infrastructure house in order, though it has miles to go to catch up with the rest of the nation.

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Lamont should spend his political capital on property tax reform
Lamont should spend his political capital on property tax reform

Despite having won his reelection by double digits, Gov. Ned Lamont has chosen to follow the same playbook that helped lead to his win: smile, avail himself of press opportunities and ignore substance, showing that 2023 is not the time to use his rightfully acquired political capital.

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CT property tax reform: If not now, when?
CT property tax reform: If not now, when?

For 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.

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Achieving Reform Is Now Within Reach
Achieving Reform Is Now Within Reach

The cost to realize and sustain equity in the property tax system and correct both the needs-capacity gap for cities and towns and the cost-capacity gap for education Connecticut is approximately $1 billion annually - money which we believe can be found within the state’s existing budget and revenue framework.

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The opinions of the authors expressed here do not necessarily represent the consensus of all group members.

TAX POLICY IN THE NEWS

CT’s revenues are finally growing faster than its debt, analysts say l CT Mirror l Dec. 2022 l Read more

Lower property taxes, help residents l Danbury News-Times l Nov. 2022 l Read more

Fundamental property tax reform l CT Mirror l Feb. 2022 l Read more

States Should Reject Baseless Claims for Tax Cuts l Center on Budget and Policy Priorities l Jan. 2022 l Read more

Harnessing State Tax Codes l Institute on Taxation and Economic Policy l Jan. 2022 l Read more

UPCOMING EVENTS

QUOTES WORTH RE-QUOTING

“We did something historic — Democrats and Republicans — that has positioned us to be in the best fiscal position in this state in decades.” - State Comptroller-elect Sean Scanlon, 11.2.22, CT Mirror

“In Connecticut, unlike a lot of other states in the country, the only real source of locally generated revenue is the property tax.” - 12.5.22, Connecticut Public Radio

“Property owners in Connecticut pay among the highest tax rates in the nation, according to a new survey by WalletHub.” - 3.2.22, FOX61 News

“Connecticut municipalities should be allowed to decide locally whether they want to raise revenue through something other than property taxes.” - 5.23.22, Liam Brennan, CT Mirror

“There’s no other tax that is felt as acutely as the property tax and we need to find ways to address it,” said Senate President Pro Tempore Martin Looney. - 12.20.21, CT Examiner

“The property tax generally is recognized as one of the most regressive taxes in the state, falling disproportionately hard on low- and middle-income households.” - 9.16.15, CT Mirror