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April 23, 2021

Budget Snapshot: Revenue in Finance, Revenue & Bonding Committee's Proposed Budget for FYs 2022 and 2023

On April 22, 2021, the Connecticut General Assembly’s Finance, Revenue and Bonding Committee released a budget revenue proposal for fiscal years 2022 and 2023, which was later passed out of the Committee. To help individuals wade through the revenue package, we've put together a brief analysis examining the impacts on state revenue of the Finance, Revenue and Bonding Committee's proposal.

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less than 1 minute

State Revenue & Spending

May 12, 2020

Connecticut Economy & State Finance 101

This presentation from the School and State Finance Project covers the basics of what an economy is, and how Connecticut's economy and its state budget interact and impact one another. The presentation also explores how choices impact the economy and what affects Connecticut's economic policy decisions.

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less than 1 minute

Economy

July 30, 2019

FAQs: Proposal to Shift a Portion of CT’s Income Tax to a Payroll Tax

This frequently asked questions document addresses many of the questions that have been raised surrounding the payroll tax proposed and designed by the Connecticut School Finance Project, which would serve as a partial replacement for the state income tax and help reduce individual and business tax burdens as well as mitigate the impact of recent federal tax changes on Connecticut taxpayers.

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less than 1 minute

State Revenue & Spending

January 29, 2019

FAQs: Common Features of Property Taxes

In fiscal year 2015, property taxes accounted for 38 percent of total state and local revenues in Connecticut. This frequently asked questions document looks at Connecticut's property tax system and discusses common property tax features such as a split roll tax, homestead tax exemption, a meaningful property tax circuit breaker, or an assessment schedule that ensures accurate grand list valuations.

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less than 1 minute

Taxes

January 22, 2019

Payroll Tax in Response to Federal Tax Changes

This policy briefing introduces and examines how the State of Connecticut can replace a portion of the state income tax with a payroll tax on all W-2 wages to mitigate the negative impacts of federal tax changes on Connecticut taxpayers, and potentially yield more state revenue while reducing the federal tax liabilities of Connecticut residents.

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less than 1 minute

Taxes

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