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Towns: CT Relies Too Much on Property Taxes

A lobbying group wants Connecticut to rethink its tax structure.

A group representing Connecticut’s 169 municipalities urges the state to change its laws because its “overdependence on the property tax is unsustainable.”

Jim Finley, chief executive officer of the Connecticut Conference of Municipalities, is pushing for a five-part plan that would give towns a cut of sales and real estate taxes in order to lessen the burden of “regressive” property taxes.

The  CCM also wants more state funding for education as well and a “payments in lieu of taxes” program to receive some state money from property owners who don’t pay any taxes – such as hospitals and universities.

In a press release, Gov. Dannel P. Malloy’s spokesperson said that the state has to look at ways to alleviate the burden of taxpayers.

“He’s especially proud that he and Democrats who supported his budget have been able to increase funding for local education and maintain overall aid to cities and towns,” said Andrew Doba. “If you look around the country, most states aren’t doing that.”

Kiplinger, a financial magazine, recently ranked Connecticut as the worst state for retirees due to high taxes.

Designated Hitter September 26, 2012 at 12:49 AM
So I'm guessing that if this plan is implemented, other taxes will go up, e.g., CT State Income Tax, sales tax, etc. What is the projected effect to those? How about we look for ways to cut spending in conjunction with this plan?
Al September 26, 2012 at 03:59 AM
Florida
monroe taxpayer September 26, 2012 at 04:40 AM
This should be a priority Businesses and home owners will continue to move out of state until something is done. Most leave the state simply because the cost of staying has become far to high. To reduce property taxes we need to reduce spending and have user fees. Those who use more , simply have to pay more. Increasing or ignoring this issue will just increase the problem. Not to address this is mismanagement and irresponsible. If we can reduce the cost of living here, maybe we can attract some of the businesses we have lost over the years and improve our economy.
Gerald M. Gaynor September 26, 2012 at 10:41 AM
When was the last time that anyone in Hartford meddled with the tax structure and that meddling resulted in lower taxes and more individual community autonomy?
Geezer September 26, 2012 at 12:22 PM
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