A dry talent pipeline is contributing to economic stagnation in Connecticut’s cities. The state is one of 15 in the country with no accredited, graduate level urban planning programs.
In the years since the state purchased office buildings in Hartford, the MetroHartford Alliance, realty brokers, and others have called for “sale-leaseback” transactions to get them back on the property-tax rolls.
Local officials have learned that the state’s PILOT program is also voluntary, in a sense, with lawmakers able to override it when finances are tight.
Hartford’s largest tax-exempt institutions argue they simply can’t afford to pledge any significant revenue to the city’s operating budget.
Massachusetts lawmakers — a place where municipalities rely heavily on property taxes — gave their cities and towns a powerful new revenue-raising tool.
Owner John Tornatore’s Gordon Bonetti Florist is one casualty of Hartford’s unique property tax system, which leans more heavily on businesses than homeowners. Tornatore pulled up stakes for neighboring Wethersfield, where he says he’s enjoying much lower tax bills. For years, John Tornatore chafed at the high personal and real estate property taxes the city […]
At 74.29 mills, Hartford’s property-tax rate is by far the state’s highest and among the nation’s highest. That has stifled economic growth in the city.
As a result of a pending reval in 1978, some Hartford homeowners faced tax hikes of 80 percent or more. City officials needed a solution – fast.
Newburgh, N.Y. has a strong cadre of people working on revitalization — and a land bank that has proved a key tool in that effort. It’s a tool Connecticut cities are seeking to adopt as well.
Many Connecticut cities are seeing a 21st century renewal. Are they getting it right — or at least better — this time?
Whether it’s expanding access to education and health care, rebuilding roads and cities or making taxes fairer, leaders have many ideas to reduce wealth inequality and promote prosperity. But they remain uncertain about how to solve this crisis while Connecticut simultaneously grapples with a historic debt burden that also threatens its future.
Shoreline resiliency against sea level rise and flooding in Connecticut is largely in the hands of local governments. But with money tight and local budgets reliant on the taxes shoreline properties generate, efforts to protect coastal communities from climate change have been slow and underfunded. Some communities, however, are making more progress than others.
Connecticut is fortunate it hasn’t been hit by a tropical-style storm since the successive storms of Irene and Sandy in 2011 and 2012 swamped the coastline, illuminating its vulnerabilities to the effects of climate change. That’s because there’s a general consensus that if either of those storms were to hit now, they would be just as damaging.
Gov. Dannel P. Malloy, keenly aware of the unwelcome role his record is playing in the campaign to succeed him, spent one of his final State Bond Commission meetings Thursday defending state borrowing made during his tenure to promote economic development statewide and help Connecticut’s struggling capital city.
While Connecticut’s distressed cities often are perceived as having bloated budgets, the wealthy suburbs easily outspend their urban neighbors on a per capita basis, sometimes by margins nearing two-to-one. More importantly, shrinking state aid, a lack of revenue diversity and an over-reliance on a regressive property tax system threaten to widen tremendous disparities that already exist between Connecticut’s poorest and richest communities. Second in a series.