Connecticut tax increases

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 ...

There are only a few states that generally rank lower than Connecticut in terms of fiscal stability and outlook and New Jersey is usually one of them. Like Connecticut, New Jersey is saddled with high taxes, major pension problems and fiscal mismanagement, but a new study released by the Garden State Initiative uses Connecticut’s history of raising taxes to solve those problems as a “cautionary tale."