The budget package passed by the Finance, Revenue and Bonding Committee includes more than $1 billion in new taxes by 2023 coupled with some targeted tax credits, according to the fiscal note attached to the
income tax
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.
A study of Connecticut’s population loss conducted by the Office of Policy and Management shows that Connecticut is experiencing a “slight loss” of individuals earning more than $5 million per year. The loss of high
Ridgefield resident Brett Malone closed on his new house on Dec. 1. That new house is located in Texas. Malone, an insurance agent licensed to sell insurance through New York Life Insurance, says he and
Connecticut was ranked 43rd in the nation based on its tax structure by the Tax Foundation, an independent tax policy research organization. During a presentation on their findings, Joe Henchman, one of the three authors
The state’s constitutional spending cap should be “comprehensive” and cover all state spending except for debt service, Webster Bank CEO James C. Smith told members of the Spending Cap Commission this week. The spending cap
Imagine if Connecticut had 2.5 million people working here. That would mean nearly a million more people at work. What would be different? There would be more jobs to choose from and more options when
Hartford area employment has only increased by 1.1 percent in the past 25 years, according to a report from the Bureau of Labor Statistics, leaving Connecticut’s capitol region last in the nation. The report focused
Billionaire and hedge fund manager Paul Tudor Jones has left Connecticut and moved to Florida according to a report in Bloomberg News. Jones, the head of Tudor Investment Corp., opened an office in Palm Beach,
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