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Looming fiscal cliff could reignite CT's tax fairness debate


Looming fiscal cliff could reignite CT s tax fairness debate
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Keith M. Phaneuf, CTMirror.org
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The Rev. Rodney Wade, pastor of the Long Hill Bible Church in Waterbury, speaks during a rally of faith and labor leaders outside of the Capitol earlier this monthCTMirror.org
Even though the state’s coffers, for now, are awash in money, a huge fiscal cliff looms two years from now, when billions of dollars in federal stimulus grants expire.
Despite a record-setting rainy day fund and a new biennial state budget free of major tax hikes, unprecedented unemployment and deep pockets of urban poverty could easily shift Connecticut’s tax fairness debate which accelerated this past spring into high gear in 2024. ....

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