state income tax

Recent Posts

Boughton: Income tax phase-out is one piece of 10-year plan

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 →

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Malloy would cut local aid deeply to offset eroding CT tax receipts

Gov. Dannel P. Malloy has recommended more than $700 million in cuts to municipal aid to help compensate for a $1.5 billion projected decline in state income tax receipts over the next two years. Continue Reading →

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Coventry town manager Elsesser: Connecticut should consider the commercial activities tax

John A. Elsesser, longtime Coventry town manager, has been one of the leading figures in municipal government for nearly four decades. He understands the varied and intensifying fiscal pressures facing Connecticut and its municipalities, recognizes the need to raise revenue; and sees one possible way to do it fairly — a commercial activities tax. Continue Reading →

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Black and Puerto Rican Caucus wants to broaden CT tax debate

This is a picture of Rep. Christopher Rosario, D-Bridgeport (left) and Rep. Brandon McGee, D-Hartford, address reporters

Leaders of the legislature’s Black and Puerto Rican Caucus said they are exploring raising income tax rates on wealthy households — a once popular proposal among House and Senate Democrats that has fallen into disfavor as Republicans have gained seats in both chambers. Continue Reading →

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Malloy would bill towns for teachers’ pensions, cut middle-class tax credit

Gov. Dannel P. Malloy said Friday his proposed budget would shift $400 million, nearly one-third of the cost of municipal school teachers’ pensions, onto cities and towns next fiscal year — a move that would hit the state’s wealthiest communities the hardest. Continue Reading →

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Labor costs, tax receipts, threaten new CT budget before it starts

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 →

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