ERIC Number: ED084626
Record Type: Non-Journal
Publication Date: 1972-Dec-18
Reference Count: N/A
State of Connecticut: The Report of the Governor's Commission on Tax Reform. Volume I--State Finance, Revenues and Expenditures.
Governor's Commission on Tax Reform, Hartford, CT.
The Commission made an in depth study of the entire tax structure of Connecticut and developed a model for tax reform for the State that would allow for lessening of inequities for many classes of taxpayers and create a more favorable climate for industry to increase employment for Connecticut people. This volume (the first of three) consists of four parts. The first two parts include, respectively, a statement of overall objectives of the tax structure and a fiscal and economic profile of the State. The third part examines the existing revenue structure and forecasts tax yields through Fiscal Year 1977. Also considered are present expenditure trends and forecasts of expenditure levels through the same period. Accordingly, a schedule of excess revenue resulting from deducting expenditures from the yield of the revenue system is developed. The final part describes the summary dollar impact of the Commission's program and shows how it is financed by the generation of excess revenue. Revenue sharing and a full narrative description of the existing tax structure are reviewed in appendixes. (Parts of charts on pages 51-58 may reproduce poorly.) (Author/JF)
Descriptors: Budgets, Business, Educational Finance, Federal Aid, Revenue Sharing, State Government, Tax Allocation, Tax Rates, Taxes
Connecticut State Tax Department, 92 Farmington Avenue, Hartford, CT 06105 ($1.00, Complete Report $3.00)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Governor's Commission on Tax Reform, Hartford, CT.
Identifiers - Location: Connecticut