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
“Raising taxes in response to this economic downturn ignores twelve years of Connecticut’s economic and fiscal history – and will only chop any chance of recovery off at the knees. Connecticut now has an opportunity…
**UPDATE: Gov. Lamont issued an executive order at approximately 8:30 p.m. on May 13 extending the suspension of the plastic bag tax until June 30. Executive Order 7NN can be viewed here. Yankee's original article…
On an April 22 conference call with municipal leaders in the Capital Region Council of Governments, Connecticut Sen. Richard Blumenthal said “at some time, we will have to face the need to tighten our belts”…
CT Voices for Children, a public policy organization based in New Haven, released the first in a series of recommendations for mitigating the economic recession caused by the COVID-19 pandemic. Their recommendations included increasing the…
Yankee Institute response to calls for increasing taxes and size of government to mitigate recession
“Calls for raising Connecticut taxes and increasing the size of state government ignore twelve years of Connecticut’s economic and fiscal history. We have seen three major tax increases – including raising taxes on the wealthy…
With the increasing number of Connecticut residents testing positive for COVID-19, legislative leaders have decided to postpone the 2020 legislative session until April 20th. We hear legislative leaders have been communicating daily with their respective…
Former Vermont Commissioner of Environmental Conservation and consultant for the Center for Climate Strategies in Washington D.C. Jeffrey Wennberg penned an op-ed blasting a proposal to institute a regional gasoline tax, part of an inter-state…
The 2020 Legislative Session continues to move along at a rapid pace with committee meetings and public hearings. Criminal Justice: The Chairs of the Judiciary Committee held a press conference this week announcing the committee would…
“Yankee Institute welcomes Gov. Lamont’s decision to end the push for tolls this year, and stands ready to help find a fairer way to address Connecticut’s transportation needs -- one that doesn’t involve tolling people…