Thank you for providing the precise article by Keith Phaneuf on the tax reform proposals proposed by the report of the group “1000 Friends of Connecticut”. It’s clear Connecticut has unreasonably high property tax rates for homeowners and businesses, especially in poorer municipalities.
Those with fixed incomes and marginal financial resources are hit by high and rising property tax rates even when they lose their jobs or have unexpected medical bills, leading to defaults on taxes and mortgages. Their wealthy neighbors pay a much smaller percentage of their income and wealth on all taxes. This is not true. It is not fair. People are rightly angry.
One line in the concluding portion of the article, however, is misleading: “The proposal would lead to significant tax hikes,” the group concedes. “
Looks like the report is saying that the average citizen would pay more taxes if these reforms happened, when the opposite is true. State income taxes would be higher, but only for the very rich. Land tax relief (by providing more state support to local schools) would significantly reduce overall tax expenditures for the vast majority in this region.
You would never guess from reading the title. Today’s editors should read the report.