Latest Blog Entries
As part of the effort to close a $48.5 million deficit in Hartford’s 2017 budget, the city transferred ownership of Batterson Park in Farmington to the city’s pension fund. The move “offset $5 million of the required pension contribution,” according to an April 18...read more
Buried in a bill to raise taxes on bed & breakfasts and implement yet another motor vehicle registration fee is a provision to raise the income tax on Connecticut’s top earners from 6.99 percent to 7.49 percent.
Senate Bill 1054 would impose a retroactive tax on individuals, families and owners of small businesses who earn $500,000 or more.read more
Connecticut remains dead last in the nation for the Tax Foundation’s annual Tax Freedom Day report, which calculates when the residents of each state have collectively made enough money to pay all their tax bills.
For Connecticut that day is May 21, one full week later than New Jersey and ten days later than New York.read more
Highway tolls may soon return to Connecticut’s borders as lawmakers search for additional money to fund transportation costs.
Facing projected deficits to Connecticut’s Special Transportation Fund, the finance, revenue and bonding committee heard testimony Monday on a bill to install electronic tolls on Connecticut’s highways.read more
Some Connecticut residents are using new technology to save money on their eyeglass or contact prescriptions, but a bill pending before the Connecticut legislature threatens to put a stop to their frugality.read more
Following a move that proved disastrous for independent grocers in Philadelphia, some Connecticut lawmakers and organizations are looking to institute a 1 cent per ounce tax on all sweetened beverages including soda and sports drinks like Gatorade.read more
The Yankee Institute for Public Policy Studies is a research and citizen education organization founded in 1984 under section 501(c)(3) of the Internal Revenue Service code. As one of America’s oldest state-based think tanks, Yankee develops and advocates for free market, limited government public policy solutions in Connecticut.