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
**Update: Gov. Ned Lamont announced Friday that the Department of Revenue Services will revise its guidance to eliminate the sales tax on items from grocery store aisles** As Gov. Ned Lamont heads into meetings with
Democrats in the state legislature have been on defense since a Republican press conference last Thursday that announced some grocery items will now be subject to a 7.35 percent sales tax. The budget included a
Early in the legislative session, word spread that the Gov. Ned Lamont administration was considering a possible sales tax for grocery items. The subsequent outcry from groups across the political divide buried the idea, seemingly
Buried in the budget proposal from the Finance, Revenue and Bonding Committee is a controversial change to the way Connecticut collects sales tax – one that has failed in several other states and one that
The Finance, Revenue and Bonding Committee on Wednesday approved a $1.3 billion revenue increase, largely funded by maintaining a tax on hospitals, a 2 percent surtax on capital gains and various increases to the sales
How big were the tax hikes in Governor Ned Lamont’s budget proposal? If you include all of the proposed increases over the next few years, and account for a few tax breaks, the total comes
Gov. Ned Lamont may have backed away from the idea of taxing groceries, but part of his budget would order a study to define and examine the feasibility of taxing “junk food.” Connecticut sales tax
Gov. Ned Lamont’s budget will freeze the transfer of vehicle sales tax revenue from the General Fund to the Special Transportation Fund, essentially bankrupting the state’s transportation fund by 2021.
The steady drip of information and budget ideas from the governor’s office over the past two weeks finally culminated with Gov. Ned Lamont’s first budget proposal, which will be sure to please practically no one.