Connecticut’s economic troubles since the 2008 recession are well known. The state has experienced some of the lowest job growth and personal income growth in the country during a time when the national economy surged.
Taxes
The U.S. Supreme Court declined to take up a lawsuit filed by New Hampshire against Massachusetts over the taxing of workers forced to work from home during the pandemic. New Hampshire, which does not have
During a press conference at a Stratford train station announcing his $10 billion plan to speed up the New Haven Line, Gov. Ned Lamont was asked by a reporter about the highway use tax –
Despite comments from Gov. Ned Lamont and Democratic legislative leaders saying the General Assembly would not take up the Transportation and Climate Initiative program this year, language in the budget implementer bill allowing state department
Since its inception in 1991, Connecticut’s income tax has been raised four times, new brackets have been added, and the income tax has become the state’s largest source of revenue, projected to bring in $9.4
Gov. Ned Lamont released his biennial budget proposal to close a $2.5 billion deficit, which relies on a mix of federal aid, a continued delay of sales tax revenue for municipal grants and maintaining some
A new study released by the Pioneer Institute in Massachusetts has a warning for Massachusetts lawmakers who may consider raising the state’s income tax rate: Don’t be like Connecticut. Connecticut’s Dangerous Game: How the Nation’s
If you live in Connecticut but work in New York, you end up paying income taxes in New York and receiving a credit from the state of Connecticut, known as the convenience rule. But what
As Connecticut’s legislature is sworn in, lawmakers and the governor will enter into the 2021 legislative session with a hefty Rainy Day fund but, because of the pandemic, also face lower revenue, budget deficits and
Connecticut Voices for Children, a New Haven-based think tank, outlined their plan to achieve economic justice through increasing taxes on Connecticut’s top earners in a report published this month and in an online presentation that