Has our property tax credit really helped Connecticut?

Posted on September 13, 2011. Filed under: Uncategorized |

Keith Phaneuf has an interesting piece on CTMirror.org today: “Cut to tax credit could open debate on property tax reform.”

The economic think-tank at UConn (who deserves a round of applause for landing among the top 20 national public research schools – go, UConn!), the Connecticut Center for Economic Analysis, is currently delving into the state’s property tax credit. Professor Fred Carstensen, who’s leading the charge, has stated he can’t identify a “significant economic benefit” to the credit.

The property tax credit was enacted in 1996 at $100 and gradually grew to $500 in some cases; Governor Malloy initially tried to eliminate the credit in this year’s budget talks before compromising on a $300 max.

Is it effective? Or money well-wasted on the wrong audience?

Read the article and tell me what you think!


Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

One Response to “Has our property tax credit really helped Connecticut?”

RSS Feed for CPAs: Accounting for Connecticut's Future Comments RSS Feed

This makes great sense

Where's The Comment Form?

  • Numbers are a language. CPAs can translate.

    Welcome to the official legislative blog of the Connecticut Society of Certified Public Accountants.

    These are the thoughts of Connecticut's CPAs.

  • Who's reading?

    • 6,735 hits
  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 37 other followers

  • Like us on Facebook

  • Archives

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: