2015 has been a tumultuous year for Connecticut taxpayers. It started with projections of large state budget deficits for the 2016 and 2017 fiscal years and the adoption of of the second largest tax increase in Connecticut history (only four years after the adoption of the largest such tax increase). By year end, executive branch
Legislation
Connecticut Tax Developments 2014 – Legislative Session: Dark Clouds on the Horizon
The recently concluded 2014 legislative session of the Connecticut General Assembly finished with the enactment of a flurry of budget and tax legislation that was significantly influenced by eroding state budget projections and the impending state elections.
In the face of a dramatic reduction in the projected budget surplus for the current fiscal year, from…