The Finance, Revenue and Bonding Committee heard testimony Monday regarding a property tax cap bill that would cap property tax increases at 2.5 percent but allow municipalities to levy a sales or income tax to…
Taxes
A bill to study a possible tax on the number of miles Connecticut residents drive has returned after the Senate unanimously voted against the idea in 2017. Sponsored by Rep. Cristin McCarthy Vahey, D-Fairfield, who…
Sen. Martin Looney, D-New Haven, and supporting Democrats have labeled a proposed statewide property tax a “mansion tax” that would largely affect high-wealth towns like Greenwich and Westport. However, it is also a tax on…
Members of the state Compensation Commission for Elected Officers and General Assembly Members voted 3-2 today to recommend that state lawmakers and the governor receive a wage increase in January following the next election for…
Senate President Pro-Tem Martin Looney, D-New Haven, filed two bills to implement a statewide property tax on residential and commercial property and to implement a surcharge on capital gains. Although the bills are only concept…
A new study released by the Pioneer Institute in Massachusetts has a warning for Massachusetts lawmakers who may consider raising the state’s income tax rate: Don’t be like Connecticut. Connecticut’s Dangerous Game: How the Nation’s…
If you live in Connecticut but work in New York, you end up paying income taxes in New York and receiving a credit from the state of Connecticut, known as the convenience rule. But what…
An initiative aimed at curbing gasoline usage and fighting climate change would cost the average Connecticut family $258 per year, according to an analysis conducted by the Ceasar Rodney Institute’s Center for Energy and Environment,…
Connecticut Voices for Children, a New Haven-based think tank, outlined their plan to achieve economic justice through increasing taxes on Connecticut’s top earners in a report published this month and in an online presentation that…
Waterbury had one of the highest increases in the percentage of residents renting apartments in the country, while Hartford, on the other hand, saw one of the highest increases in homeownership over the last ten…