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Property Tax

Politics
Lamont Proposes Series Of Tax Cuts For CT Residents Lamont Proposes Series Of Tax Cuts For CT Residents
Lamont Proposes Series Of Tax Cuts For CT Residents Connecticut Gov. Ned Lamont unveiled his first package of legislative proposals for the 2022 regular session, including a series of tax cuts to provide relief for residents. With the state projected to be operating on a near $1.5 billion surplus, the Democratic governor announced his first package of proposals, which includes $336 million in tax cuts if approved. “The governor said that he is proposing the tax cut package as the state is projecting an operating surplus of $1.48 billion, which will enable a significant reduction in the one-time revenues built into the enacted budget and will…

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by Zak Failla
Schools
Report: Trump Forces School District In Region To Subsidize Golf Course Report: Trump Forces School District In Region To Subsidize Golf Course
Report: Trump Forces School District In Region To Subsidize Golf Course Former President Donald Trump’s wheeling and dealings have reportedly left a New York school district in a lurch. For years, the Trump National Golf Club Westchester in Briarcliff was the subject of a battle with the local government over its property tax bill, where the property’s value was inflated by the Trump Organization as part of a scheme that is being investigated by the Westchester District Attorney and New York Attorney General. Earlier story - NY Attorney General Subpoenas Donald Trump In Civil Fraud Inquiry Into His Business Practices Following a victory in court in the summer …

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by Zak Failla
Lifestyle
Only NY Ranks Higher Than CT For Highest Taxes In Nation, New Data Shows Only NY Ranks Higher Than CT For Highest Taxes In Nation, New Data Shows
Only NY Ranks Higher Than CT For Highest Taxes In Nation, New Data Shows A brand-new study has revealed that New York and Connecticut are paying the highest taxes in the country. 24/7 Wall Street released the report reviewing the “total tax burden as a share of income on a per capita basis” to identify the states with the lowest and highest tax burden. Federal taxes were not included in the calculations. The study found that New York led the way as the highest taxed state in the country, with 12.7 percent of income going toward taxes. Connecticut was just being at 12.6 percent. The study’s methodology can be found here. Details from the report include:  N…

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by Zak Failla