The CT Mirror (https://ctmirror.org/tag/connecticut-income-tax/)
Attorney Sheldon V. Toubman of the New Haven Legal Assistance Association is one of Connecticut’s most ardent advocates for social services. In this week’s Sunday Conversation, he speaks with The Mirror about efforts of social service advocates to press for state tax increases to help close projected budget deficits and proposals to increase the income and sales taxes. Continue Reading →
DANBURY — As he explores a third campaign for governor, Republican Mayor Mark Boughton is testing a message not seriously proffered in two decades: a call for elimination of the state’s tax on wages. He says it’s not a stunt, but voters will have to wait to hear how he thinks Connecticut could get by without nearly half its revenue. Continue Reading →
While insisting he remains very sensitive to the economic risks posed by another state income tax increase, a House Democratic leader said Tuesday he would not rule out another hike — including one on wealthy households — given the massive deficits projected for state finances. Continue Reading →
Updated at 3 p.m.
Analysts for Gov. Dannel P. Malloy’s adminstration and the legislature’s nonpartisan Office of Fiscal Analysis downgraded anticipated revenues for the next two fiscal years by $1.46 billion — nearly $600 million next fiscal year and $865 million in 2018-19 — largely because of eroding income tax receipts. Continue Reading →
Plummeting state income tax collections reached their worst decline Thursday since the last recession, falling $450 million below anticipated levels for April — one-and-a-half times the free fall projected just one day ago. Continue Reading →
Gov. Dannel P. Malloy took a political blow this April when plunging income tax receipts nixed his plans for an election-year rebate. But according to a new report from a nationally recognized public-policy, think-tank, Connecticut officials had lots of company nationally dealing with tax deadline chaos.
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