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  • 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.

  • Connecticut's State Bonding Process & Restrictions

    This policy brief provides an overview of the existing restrictions on the Connecticut general obligation bonding process, the additions to these restrictions contained in the biennial budget for fiscal years 2018-19 (Conn Acts 17-2 (June Special Session)), and changes made to bonding restrictions under various public acts passed during the 2018 legislative session.

  • Connecticut's Spending & Volatility Caps

    As part of the biennial budget for fiscal years 2018-19, the Connecticut General Assembly passed two fiscal accountability measures, known as the spending cap and the volatility cap. These measures include changes to multiple sections of the Connecticut General Statutes, which are discussed in this policy brief.

  • Connecticut's Fixed Costs (INFOGRAPHIC)

    Fixed costs are an increasing portion of the Connecticut state budget, and are expenditures the State is obligated to make. In fiscal year 2018, almost half ($9.15 billion) of Connecticut's total General Fund expenditures were categorized as "fixed costs." As the State's fixed costs are increasing, the amount of money available for the discretionary — or non-fixed — portion of Connecticut's General Fund is shrinking. This infographic details the items that make up Connecticut's fixed costs, and how they have grown over the years.

  • State Finance Briefing Book for Statewide & General Assembly Candidates

    This briefing book is designed to serve as an information guide on state finance issues in Connecticut for candidates running for statewide offices, and for those running for a seat in Connecticut's General Assembly. The briefing book provides a nonpartisan, independent look at Connecticut's overall budgetary picture and financial outlook, and contains a number of resources for candidates interested in learning more about the state's fiscal health and financial challenges.

  • Connecticut's Teachers' Retirement System (TRS)

    As a supplement to our January 2018 report, Factors Contributing to Health of State Employee Pension Funds, this policy brief analyzes the health of Connecticut’s Teachers’ Retirement System (TRS), examines the factors that led to the system’s current funding level, and discusses the features of the system that differentiate it from other public pension systems, such as Connecticut’s State Employees Retirement System (SERS).

  • VISUALIZATION: State Aid to Municipalities by Grant Program

    This visualization, created based on the August 2017 report from Connecticut's Office of Policy and Management titled Connecticut's Financial Support to Municipalities, displays and compares the amount of state grant funding each Connecticut municipality received from fiscal year 2011 to fiscal year 2017.

  • VISUALIZATION: State and Local Tax Revenues by Type and as a Percentage of Total State Personal Income, FY 2015

    This visualization displays and compares state and local tax revenues by state and by type of state and/or local tax. The visualization also allows users to compare tax revenues between states as per capita amounts or as percentages of a state's total personal income.

  • Introduction to Features of Property Tax Systems

    This report provides an overview of the basic features and structures found in property tax systems across the United States. Additionally, the report summarizes and analyzes the property tax systems of Connecticut and several of its regional peer states (Vermont, Massachusetts, Maryland, and Pennsylvania). Each state overview offers a summary of specific components of the respective state’s property tax system, including taxing authorities, property assessment, taxation rates, and tax exemptions and/or relief programs.

  • Connecticut's Other Post-employment Benefits (OPEBs)

    This policy brief provides an overview of other post-employment benefits (OPEBs) that the State of Connecticut is responsible for paying, and summarizes recent changes in labor agreements that affect these benefits. OPEBs are the benefit packages, not including pensions, received by state or local employees upon retirement. In Connecticut, these benefits are defined as medical, prescription drug, and dental and life insurance.