Greenwich residents may soon be paying more at the grocery store. A town ordinance under consideration would ban plastic grocery bags and require stores to charge customers a minimum of 23 cents for recycled paper bags.
The Commission on Fiscal Stability and Economic Growth — composed of Connecticut CEOs and business owners — released their much-anticipated recommendations today at the Capitol, which included a combination of tax increases, tax cuts, tolls and a $15 minimum wage.
Connecticut’s major tax increases in 2009, 2011 and 2015 may have offered the state temporary budget relief, but in the end Connecticut appears to be a little worse off than the rest of the country. According to information compiled by Pew Charitable Trusts, tax revenue for all 50 states is ...
An annual study by WalletHub ranked Connecticut 48th among the states for its real estate property tax burden and 43rd for its vehicle property tax costs. In total, the 2018 study noted that the median real estate tax cost for Connecticut homeowners is $5,443 per year, while the median property tax for a vehicle is $603.
It’s easy to see the rationale behind the deal. How could offering pasty-faced Connecticut residents direct flights to Ireland fail to rake in the cash? But things didn’t quite take off as expected so now, along with buses and trains, Connecticut is subsidizing airline travel — a sort of public transportation system for the sky.
Connecticut has the second highest tax burden in the nation, according to a new report by 24/7 Wall Street, which used data from the Tax Foundation. Connecticut ranked behind New Jersey, but ahead of New York, which placed dead last in the country for its tax burden.