A coalition of public sector unions in Connecticut are running advertisements on television and social media calling for increasing taxes on the wealthy and list off the names of Connecticut’s billionaires they feel should be targeted. The ads come just two months after state employees received a second 3.5 percent ...
Connecticut’s Taxes and Fees 2012
EAST HARTFORD – The Yankee Institute for Public Policy released today the updated version of its Taxes and Fees flyer for Fiscal Year 2010 and 2011. “Connecticut’s state government spending is dramatically outpacing population growth, median income, and the gross state product,” said Fergus Cullen, the Yankee Institute’s Executive Director. “It’s no wonder the state’s finances are a mess.”
Download the flyer now!
The 2012 version of the flyer includes an itemized list of Connecticut’s 378 sources of revenue ranging from the personal income tax to the alternate vessel registration license fee – whatever that is. It also includes the percent change for each revenue source compared to Fiscal Year 2010.
The flyer also highlights the recent tax increases implemented last year. State lawmakers implemented or raised 77 taxes by a total of $1.9 billion.
Connecticut homeowners pay 20 percent more in property taxes than residents of its nearest neighbors, even as home values in the Nutmeg State have declined, according to a new study released Wednesday. “As a percentage of housing value, Connecticut homeowners now pay 20 percent more than New Yorkers and almost ...