Governor's Property-Tax Cap The Wrong Solution For Connecticut, Analyst Advises
Publication Date: May 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s):
Research Area: Banking and finance
Keywords: Economic projections; State budgets; Tax code
Type: News release
Coverage: Connecticut
Abstract:
In testimony before the General Assembly’s Committee on Finance, Revenue and Bonding, Iris Lav explained that the proposed cap, which would limit the growth in property tax revenues to 3 percent per year, is likely to result in severe cuts in local services over time.
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