UConn Health Center is facing $114 million loss in revenue after the coronavirus pandemic emptied beds and ended a large number of medical procedures, according to the budget presentation given to the UConn Board of Trustees. According to figures, patient revenue to UConn Health tanked by almost 50 percent during ...
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.
Barring another extension of Gov. Ned Lamont’s executive order, Connecticut’s 10 cent tax on single-use plastic grocery bags will return on Wednesday, July 1. Lamont initially suspended the plastic bag tax until May 15 in response to concerns that reusable shopping bags might put grocery store workers at risk of ...