The CT Mirror (https://ctmirror.org/tag/sales-tax/)
The legislature’s tax-writing panel is considering a measure that would repeal the sales tax exemption on goods and services sold to nonprofits — a provision that saves these entities more than $200 million per year. Continue Reading →
Senate President Pro Tem Martin M. Looney of New Haven called Friday for an optional local sales tax increase to help cities and towns control property tax rates. This would add a local surcharge of one-half of 1 percentage point to the existing 6.35 percent state sales tax. Continue Reading →
Connecticut is not alone in its budget woes, but it does have less margin for error in dealing with them than other states, according to new reports from two nationally recognized policy think-tanks. Continue Reading →
While Gov. Dannel P. Malloy continues to push spending cuts as the chief solution to Connecticut’s latest budget crisis, his fellow Democrats on one key panel say a more balanced mix of reductions and revenue might be unavoidable. Continue Reading →
Connecticut’s cities and towns unveiled a sweeping financial plan Wednesday that included a major sales tax boost to aid communities, new regionalization incentives and collective bargaining changes. The bargaining changes would be designed to ensure new revenue for towns would not be used to boost wages and benefits for municipal workers. Continue Reading →
A progressive children’s advocacy group has issued the first call for a major tax increase to help solve the state’s latest budget crisis, outlining more than $3 billion in revenue-raising options. Continue Reading →
Gov. Dannel P. Malloy offered worried municipal leaders Wednesday no assurances they would be spared from cuts to local aid as he and the General Assembly grapple with another major deficit in the next state budget. Continue Reading →
Just days after a landmark state court ruling found Connecticut’s education funding system to be “irrational and unconstitutional,” the chief lobbying group for cities and towns issued a new research paper calling the municipal property tax system “unsustainable.” Continue Reading →
Enjoying their first infusion of state sales tax receipts — albeit not as much as promised — Connecticut’s cities and towns remain wary of a revenue-sharing program that comes with a controversial spending cap. Continue Reading →
While Connecticut consumers gear up for the 16th annual sales-tax-free week starting Sunday, merchants hope that Massachusetts shoppers — whose home state suspended their annual sales tax holiday — will cross the border. Continue Reading →
With Connecticut’s new fiscal year set to begin Friday, serious issues — involving both spending and revenue — have arisen in recent weeks that challenge state government’s new spending plan before it’s even begun. And a major Wall Street credit rating agency questioned Monday whether Connecticut’s fiscal house is in order. Continue Reading →
The tentative plan to close a $1 billion hole in Connecticut’s finances starting July 1 also would wipe away more than 40 percent of the red ink threatening state government after the November elections, nonpartisan fiscal analysts reported Tuesday evening. Continue Reading →
The leaders of the House and Senate Democratic majorities gave up Wednesday on adopting a new state budget before the legislature’s constitutional adjournment deadline of midnight, instead scheduling a special session for next week to finish its business for 2016. Continue Reading →
Updated at 10:30 p.m.
Chances of a state budget deal before the legislative session ends Wednesday could hinge on whether negotiations – sparked by Gov. Dannel P. Malloy’s new budget proposal – bear fruit overnight Monday into Tuesday. Continue Reading →
A week after suspending budget talks with the administration, the Democratic leaders of the General Assembly offered an olive branch and a proposal for a new fiscal plan Thursday to Gov. Dannel P. Malloy. Continue Reading →