Connecticut’s current year budget deficit increased once again, rising another $66 million over the previous estimate and topping out at $96 million, according to a budget report for the Office of Fiscal Analysis. This marks a $216 million difference between the budget, which estimated a $120 million surplus, and the ...
Connecticut’s Taxes and Fees
You heard it first on WTIC 1080 with Jim Vicevich!
Here is the brand new publication from the Yankee Institute for Public Policy – the list of all of Connecticut’s 306 revenue streams for Fiscal Year 2008.
Download the complete list now!
Connecticut collected revenue from 306 sources in FY2008. You already know about the big ones, like the Income Tax (but do you really know who pays the Income Tax? Find out now), the Estate Tax, the cigarette tax, or gas taxes.
But you probably haven’t heard that licensing fees for electricians brings in $1.1 million. Taxes on horse racing brought in $4.6 million. And these are just the tip of the iceberg.
If Connecticut eliminated 200 of the 306 revenue sources, fee payers would save $38 million at very minimal loss to the state. There is no estimate on how much it costs to administer and collect these fees.
Join the Yankee Institute’s membership now and spread the word about our list.
The Transportation and Climate Initiative is pushing for a regional cap and trade system on gasoline distributors to fight climate change, invest in mass transit and fight for climate justice, but scientific modeling suggests the program would have no impact on global temperatures. Up to thirteen states on the eastern ...