![]() ![]() ![]() State finances closed last fiscal year with an unprecedented $4.3 billion surplus, a staggering total that represents one-fifth of the entire General Fund. Republican leaders praised Lamont for prioritizing a rate cut that would reach a broad range of middle-income taxpayers, arguing they contributed - painfully - to much of government’s fiscal good fortune.Ĭonnecticut households were battered in 2022 by skyrocketing inflation that topped 8% much of the year and cleared 9% last June.Īnd while a surging stock market and income tax earnings tied to capital gains drove much of that windfall, inflation-driven increases in the prices of all kinds of good and services now have the state sales tax setting records as well. 8, that could save taxpayers, collectively, hundreds of millions of dollars per year.Ī Republican proposal last year to lower the 5% bracket to 4% would have sent $387 million back to households, saving many as much as $750 per year. The 5% bracket, which is applied to all single filers’ earnings between $10,001 and $50,000, and all couples’ earnings between $20,001 and $100,000.Īnd the 5.5% bracket, which is applied to all single filers’ earnings between $50,001 and $100,000 and all couples’ earnings between 100,001 and $200,000.ĭepending on the rate changes the governor recommends when he proposes his next biennial budget on Feb. But the two rates that hit the middle class hardest are: The income tax has evolved progressively over time and now features seven brackets, with a top rate of 6.99%. Though he didn’t provide further details, a lot can be gleaned from that one statement. The governor removed any doubt one week later at a Connecticut Council Of Small Towns forum, when he said he was targeting rate cuts that would help middle-class families earning up to $200,000. Initially, the income tax enacted in 1991 taxed all income at a flat 4.5% rate. Lamont hinted during his address that he would support the first cut in state income tax rates since 1995, when Connecticut added a 3% bracket to tax the first $10,000 earned by singles and $20,000 by couples. ![]() In fact, the fiscally moderate governor may find more allies among Republicans when it comes to tax policy.Ĭutting income tax rates: Relief across a broad range “More taxpayers will guarantee a bigger economic pie that lets us keep up the progress in progressive” fashion.īut many of Lamont’s fellow Democrats in the legislature’s majority define “progressive” quite differently than he does. We explain how the notice is broken down and what it means.“You’ve heard me say it before, ‘I don’t want more taxes, I want more taxpayers,’” Lamont told the legislature earlier this month in his State of the State Address. You will get a reminder notice if you miss a payment. We explain what a court summons letter is and what it means. We explain how your Council Tax bill is broken down and what it means. Why you pay Council Tax, what the money is used for and Council Tax information guides. Get your bills by email rather than post - it's cost effective and good for the environment! ![]() Tell us if you're struggling to pay, what happens if you don't pay and how we recover Council Tax debt. See if you're eligible to pay less Council Tax or if your property is exempt.įind out who is responsible for paying the Council Tax bill if there is more than one person living in the property. You can pay your Council Tax by Direct Debit, online or via online banking, post office counter or PayPoint, or over the phone.įind out what Council Tax band you are in and how much you should pay.Īccess your account using your online key and reference number. Register for a Council Tax account, or tell us if you're moving house, leaving Liverpool or changed your name. Register for Council Tax or tell us about a change.It helps pay for the services Liverpool City Council provides for the citizens of Liverpool. Council Tax is a tax set by local authorities to meet their budget requirement. ![]()
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