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Senate leader pitches new state property tax on high-value homes


By Keith M. Phaneuf, CT Mirror
Connecticut’s tax fairness debate took another leap forward recently when the Senate’s highest-ranking Democrat proposed new taxes on high-value homes and on the capital gains of the state’s highest earners.
Senate President Pro Tem Martin M. Looney, D-New Haven, also said his caucus hopes to channel about $130 million in additional state aid annually into poor cities and working class suburbs.
“Municipal property taxes are as high as they are primarily because the state has not been able to raise enough revenue to provide municipal aid,” Looney added. “”We are, after all, one state, and we need to look at [taxes] on a statewide basis, and not a hyper-local basis.” ....

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