The Finance Committee approved bills that increase – and broaden – property and child tax credits for Connecticut residents.
property tax
Posted inMoney
Policy group challenges Lamont, lawmakers to fix regressive property tax system
1,000 Friends of Connecticut recommends pumping hundreds of millions of additional dollars into cities and towns — particularly poor communities.
Posted inMoney
Bills to repeal motor vehicle tax and cap property taxes are in political limbo
The motor vehicle tax bill died in committee but could be revived; Property tax cap passed on party lines.
Posted inMoney
Big dollars hang in the balance as CT finance panel rushes to finish work
Millions of dollars in proposed tax hikes and cuts remain in play as the finance committee nears its Thursday deadline.
Posted inMoney
There’s a plan to get rid of property tax on cars. But how would towns make up the difference?
Adjusting the 70% assessment ratio on homes is one option
Posted inMoney, Politics
Progressive legislators to Lamont: Tax the rich and expand support for poor and middle-class
Thirty Democrats challenged Gov. Lamont to tax the rich to help those most hurt by the pandemic.
Posted inMoney
Senate leader pitches new state property tax on high-value homes
The state Senate’s highest-ranking Democrat proposed new taxes on high-value homes and the capital gains of Connecticut’s highest earners.
Posted inNews
Best of 2020: CT’s extreme inequality poses major obstacle to sustainable ‘inclusive’ growth
Connecticut’s extreme disparities in income and wealth will block sustainable, inclusive growth until officials overhaul its regressive tax system.
Posted inMoney
CT’s extreme inequality poses major obstacle to sustainable ‘inclusive’ growth
Connecticut’s extreme disparities in income and wealth will block sustainable, inclusive growth until officials overhaul its regressive tax system.
Posted inEconomic Development, Money, Politics
State can’t print money, but it can guide economic rise from pandemic
Connecticut can’t print money like Washington, but it has many options to shield its economy from the coronavirus crisis.
Posted inMoney, Politics
After one alarming tax fairness study, CT is wary of launching a second
After a 2014 study found CT’s tax system hammers the poor and middle class, officials have postponed a second analysis.
Posted inMoney
Lamont’s property tax relief pledge comes due in February
To keep his 2018 campaign pledge, Lamont must deliver $375 million in property tax relief. That isn’t looking likely.
Posted inEconomic Development
CCM tries to get a little louder on property tax relief
After watching state aid erode over the past decade, Connecticut municipalities hope to appeal directly to voters to order property tax relief.
Posted inMoney
Judge tosses suit by CT, other ‘blue states,’ that challenged SALT cap
A federal court has dismissed a lawsuit seeking to overturn the limit on the deductibility of state and local income taxes on federal returns.
Posted inMoney
CCM says its property tax analysis contained flawed data
A Connecticut Conference of Municipalities report highlighting rising property taxes across much of the state contained a major factual error, CCM announced Tuesday. But while Monday’s report exaggerated the total number of communities that raised property taxes, its conclusion — that roughly 60% of municipalities not experiencing revaluation raised taxes in 2019 — was accurate.