You don’t hear often from Connecticut Democrats about the need to cap municipal property taxes, but that’s a debate Speaker of the House Brendan Sharkey wants to chew on for the longer legislative session in 2015. Many northeast states including New York have adopted municipal property tax caps in pursuit of providing tax relief for home and business owners. States generally place the cap at two percent with some restrictions. The CT Mirror has more on this.
Connecticut should brace for a landmark debate next year on how it pays for local services, including capping property taxes and shifting municipal expenses onto the state’s back, House Speaker J. Brendan Sharkey said Friday.
The Hamden Democrat, who last month outlined a plan to subject colleges and hospitals to local property taxes, said Friday he wants communities to have significant leverage to negotiate the taxes these institutions might pay.
“This requires an overhaul on a grand scale,” Sharkey told a forum on municipal affairs hosted by Goodwin College in East Hartford, adding that Connecticut’s long-ignored property tax crisis must be addressed next year.
Full story here.