Connecticut was ranked 47th out of 50 states for its business tax climate, a drop from 44th last year, in the latest study from the Tax Foundation.
Cash strapped New Haven is requesting $217,597 from Connecticut taxpayers for the construction of a splash pad at DeGale Field after the city gave $250,000 in bonuses to 37 management employees.
Connecticut municipalities are over-appraising low-value homes, driving up property taxes for those who can least afford it.
“Changes intended to make tax collections more stable, combined with constraints intended to promote fiscal prudence, have strayed far wide of the mark.”
Connecticut ranked 43rd in the country in Wallethub’s annual ranking of Best and Worst States to Start a Business.