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!

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

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This makes great sense


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