Connecticut residents are again paying some of the highest state and local taxes this year, according to updated figures from the Tax Foundation. The Tax Foundation’s annual State and Local Tax Burdens report looked at […]
Connecticut’s Tax Burden
EXECUTIVE SUMMARY By Ken Girardin Connecticut state officials have proposed entering the private health insurance business to assist residents who are either unable or struggling to afford coverage. Proponents hope to offer a “public option” […]
EXECUTIVE SUMMARY by Ken Girardin with analysis by Marc Joffe Most of Connecticut’s towns and cities face significant unfunded liabilities from pension and retiree healthcare benefits promised to current and former employees. In fact, these […]
EXECUTIVE SUMMARY By Ken Girardin with Daniel Gressel, Ph.D. Connecticut missed out on much of a decade-long national economic expansion. The state added essentially zero private-sector jobs between 2017 and 2019, its population was essentially […]
Three decades have passed since the historic budget crisis that culminated in the creation of Connecticut’s personal income tax.The tax was enacted out of desperation: a roaring private sector buoyed a multi-year explosion in state spending, which left state government deep in the red as the economy slowed and tax revenues sank. Connecticut’s income tax experience has been a cautionary tale about increasing the state’s reliance on higher-earners
** For the full study including charts and graphs, please download the PDF** When Connecticut policymakers adopted an individual income tax in 1991, many hoped that it would take pressure off state sales taxes and […]
**For full citations, charts and graphs, please download the PDF** Executive Summary Since 1991, the state has taken in $126 billion through the income tax. The top income tax rate has risen steadily since 1991 […]
Download the pdf for tables, graphs and footnotes. TAXES AT HOME: A Comparison of Municipal Spendingby Zachary Janowski with Benjamin Levy and Thurston PowersAUGUST 2015 EXECUTIVE SUMMARYHigh property taxes are a fact of life in Connecticut. Assessed at the local […]
