taxes

Business
10:52 pm
Mon February 9, 2015

Connecticut To Super-Rich Residents: Please Don't Leave Us

If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.

In a state home to some of the richest Americans, tax officials go to some lengths to keep them — or, more accurately, keep the billions of dollars in revenue their income taxes generate.

Connecticut tax officials track quarterly estimated payments of 100 high net-worth taxpayers and can tell when payments are down. Of that number, about a half-dozen taxpayers have an effect on revenue that's noticed in the legislature and Department of Revenue Services.

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Government
12:22 pm
Thu February 5, 2015

Report: Connecticut Tax System Unfriendly To Families

Credit (AP Photo/Damian Dovarganes)

A new report says Connecticut’s tax system is unfriendly to many caring for dependents.

The advocacy group Connecticut Voices for Children published the report this week.  

Nick Defiesta is a fiscal policy fellow with the group. He says Connecticut is one of two states with an income tax that doesn’t adjust its income tax for the cost of caring for a dependent.

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Stamford Board of Finance
2:55 pm
Wed June 25, 2014

Stamford gets $2.1M to balance its year-end books in late request

The Stamford Board of Finance voted 5-1 Tuesday night to approve an 11th-hour appropriation for $2.1M for a projected shortfall in several departments including police and fire. That's not before board members chastised the Martin Administration and this year's budgetary process for not keeping the body better informed of the projections.

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