Each November, in accordance with state statute, the Connecticut General Assembly's Office of Fiscal Analysis produces a Fiscal Accountability Report. According to statute, the report must explain: (1) the level of spending changes from current year spending allowed by consensus revenue estimates, (2) any changes to current year spending necessary because of “fixed cost drivers,” and (3) the total change to current year spending required to accommodate fixed cost drivers without exceeding current revenue estimates.
Research report from the Connecticut General Assembly's nonpartisan Office of Legislative Research that summarizes the changes in state taxes from 2011-2016.
Established by section 137 of Conn. Acts 14-217, the State Tax Panel was created to "review the state's overall state and local tax structure." The 22-member panel, which consisted of 14 voting members deemed experts in "tax law, tax accounting, tax policy, economics and state, local and business finance," released its final report and recommendations in late December 2015.
Authorized by Conn. Acts 13-232 and prepared for the Connecticut General Assembly's Finance, Revenue, and Bonding Committee, this report from Connecticut's Department of Revenue Services examines the state's income tax with respect to tax filing status. Included in the report is background information on the state's personal income tax, consideration of alternatives, and a multi-state comparative analysis of tax burden by filing status. Data used in the report is from the 2010 tax year.