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 tax for restaurant meals, digital downloads and ridesharing services, among others. Union activists representing the ...
The vast majority of Connecticut residents who commute by train earn over $100,000 per year, with the largest cohort earning more than $250,000 per year, according to a 2016 Fare Equity Analysis report from the Connecticut Department of Transportation. The report based its numbers off a study conducted by the ...
It could take up to 30 years of tolling drivers to fund all the projects outlined in a tolling bill which passed out of the Transportation Committee on March 20, unless the state plans to increase bonding to pay for those projects. Committee Bill 423 provided a list of 16 ...
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.
Professor of Finance for the College of Staten Island and Research Fellow at The University Transportation Research Center Johnathan Peters says if Connecticut lawmakers are looking to raise revenue for transportation, they might be better off looking somewhere else besides highway tolls. “Tolls, generally, are expensive to collect,” Peters said in an ...