It’s important to occasionally challenge some of the conventional wisdom about our perceived economic backwardness in Connecticut. Two recent national studies give a glimpse - surprising as it may be - at some good news.
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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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