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  • Some cities and towns see tax-break deals as key to economic growth

    July 22, 2019 |

    Hartford Business Journal |

    Text |

    1500-3000 Words

    Response Location: United States, Hartford, Connecticut

    Hartford, Connecticut navigates the complex web of public taxation with the implementation of tax-breaks for developments like affordable housing, daycares, and industrial reinvestment sites. Though tax-breaks are controversial to some -- they can often cast a wide net in the business world -- they have been effective in combating overly inflated property taxes in Hartford and other cities around the country.

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  • Hartford's largest nonprofits contribute more

    July 08, 2019 |

    Hartford Business Journal |

    Text |

    800-1500 Words

    Response Location: United States, Hartford, Connecticut

    Hartford, Connecticut looks to Boston as an example of a city that has succeeded in establishing a connection between nonprofits - who can donate payments to the city that are exempt from property taxes - and the local government. With a massive number of successful hospitals and colleges, Boston has created a system in which it can use donated money from these highly profitable institutions to work toward city planning without paying property taxes on the donations; Hartford hopes to create a similar relationship in its own city limits.

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  • Myriad ideas exist to solve Hartford's high property taxes and unequal tax system

    July 08, 2019 |

    Hartford Business Journal |

    Text |

    800-1500 Words

    Response Location: United States, Hartford, Connecticut

    The complex issue of structural inequalities in Hartford, Connecticut's tax system has proven difficult to solve. But community members on all sides agree that a collective approach - one that learns from failed town halls and group brainstorms - is the only way to address the city's imbalance of income opportunities. The town's mayor has led several focus groups with local business owners to get local opinions and perspectives, but the town has to keep working to fuse this local ownership with passable legislation.

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  • What about city spending?

    July 08, 2019 |

    Hartford Business Journal |

    Text |

    Under 800 Words

    Response Location: United States, Hartford, Connecticut

    Hartford, Connecticut has made significant cuts to city spending in an effort to ensure the revenue they get from taxes goes further. The mayor ensured tight spending by working with local union groups, ceasing new borrowing projects, and cutting the number of unnecessary full-time positions in the city. With the frugal spending, the city has lowered its deficit while not burdening residents with high tax rates.

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  • Alternative revenue sources could bolster city budget, lower mill rate

    July 08, 2019 |

    Hartford Business Journal |

    Text |

    800-1500 Words

    Response Location: United States, Boston, Massachusetts

    Hartford looks to local governments nearby that have found success in the adoption of creative taxation, from restaurant meal taxes to taxes levied on hotel stays. Massachusetts, which has raised significant funds from these taxes as well as from taxation of recreational cannabis, uses this unrestricted revenue to distribute for local operating budgets.

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  • Fully fund the state's PILOT program

    July 08, 2019 |

    Hartford Business Journal |

    Text |

    Under 800 Words

    Response Location: United States, Hartford, Connecticut

    Connecticut's PILOT program was created to partially reimburse cities and towns for state-owned, tax-exempt properties and take some financial burden off smaller towns. The PILOT program, however, is voluntary, making it easier for state legislators to disregard the reimbursement requests in tough financial times. Now, state officials are urged to make the PILOT program mandatory to keep the response working for the small individual towns and cities around Connecticut.

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