Thanks to an unusual partnership, a new regional economic development strategy has been developed with the hope of increasing job growth, while also decreasing racial and economic disparities in the Hartford region.
Read MoreIt’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.
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.
Read MoreCheck out the new report from Connecticut’s Finances: it provides updated data on property tax disparities in Connecticut, and how to fix them.
Read MoreSurprise! It turns out that when all the ways we pay for state and local government in Connecticut are taken into account, the total cost puts us in the lowest third of all states.
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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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