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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.

SuperDave September 25, 2012 at 04:47 PM
For years money grubbing public employee unions want more-more-more, and the easy solution was to tax manufacturers. Fast forward to today, and a great many manufactureres have left CT and will not return. Meanwhile money grubbing public employee unions continue to ask for more-more-more AND have signed a sweet deal with General Malloy for guaranteed raises and no layoffs. And NOW towns are concerned about the property tax? You know what General Malloy will do? Raise the income tax. He certainly will not cut spending. And as stated above, General Malloy is "proud" to keep spending. Vote that person out!
Naugatalk September 25, 2012 at 05:36 PM
Our governor and his cronies need to go back to school and take some economic courses! They are putting the small business owners and home owners in this state into bankruptcy. Next election they all need the boot!

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