[GeoffD]

Originally Posted by Stylo

Commercial/industrial property pays a lot of that property tax in some towns.

In my town, it's both commercial (taxed at a higher rate), expensive coastal vacation homes, and a 1% local option sales tax in the big box stores footing the bill. The residential mill rate is about $10 per thousand. 3,600 students in the school system in a town of 32,000. Per pupil spending is about $14K, a bit below the Connecticut $16K average and that includes funding pensions. Proposition 2 1/2 since the 1978s has produced a lot of fiscal restraint in Massachusetts. So has a state constitution mandating a flat income tax.


Like any suburban town, my town fights all low income housing proposals to the death. I doubt it's any different in lower Fairfield County or the affluent Hartford 'burbs.

[auggie22]

Originally Posted by GeoffD

I don't know what baby factory town you live in where every house in town puts 2 or 3 kids in the school system.



Funding public schools through local property taxes produces socioeconomic segregation. Affluent people are always going to self-segregate to towns where all the homes are expensive enough to ensure that the school system is predominately children of college educated professional parents. You want to fix that? Take school funding away from towns and town property taxes. The problem is you then lose those gold plated town school systems. Look at places with strong county government. Their school systems rate far lower because the schools are regional and the funding is regional.



If town property taxes are the game, you pick a town with no low income housing and fight any low income housing proposals to the death. Senior housing? Sure! That won't corrupt the school system.

Without the gold plated school systems, the sucking sound you here are the people exiting Fairfield County for NY and NJ.

[MrGompers]

Originally Posted by GeoffD

I don't know what baby factory town you live in where every house in town puts 2 or 3 kids in the school system.



Funding public schools through local property taxes produces socioeconomic segregation. Affluent people are always going to self-segregate to towns where all the homes are expensive enough to ensure that the school system is predominately children of college educated professional parents. You want to fix that? Take school funding away from towns and town property taxes. The problem is you then lose those gold plated town school systems. Look at places with strong county government. Their school systems rate far lower because the schools are regional and the funding is regional.



If town property taxes are the game, you pick a town with no low income housing and fight any low income housing proposals to the death. Senior housing? Sure! That won't corrupt the school system.

You've been complaining about CT for months and months and you don't even live here ? You think MA has some magic potion to fix all of societies ills ?



Now that is rich.

[BobNJ1960]

Originally Posted by JayCT

Hundreds??? Come on now. You are exaggerating A LOT. And GE hardly abandoned the state. It moved 200 jobs and left 600 from it Fairfield headquarters. If it was as dire as you paint, they would have moved them all. Jay

hundreds of companies left during Malloy's reign of error. Not all household names, but all employed people.

[BobNJ1960]

Originally Posted by kidyankee764

One thing I’m concerned about are the state’s most lucrative (per capita) companies (hedge funds) relocating. Many are re-establishing homes in Palm Beach County FL, likely where most of the CEOs, managing directors, portfolio managers are relocating. That area is seeing a boom in financial firms from the tri state area (and Charlotte). FL actively recruits them, too.

That needs to be reversed, but how?

Dems seem to think higher taxes will keep them here.

[MrGompers]

Originally Posted by kidyankee764

One thing I’m concerned about are the state’s most lucrative (per capita) companies (hedge funds) relocating. Many are re-establishing homes in Palm Beach County FL, likely where most of the CEOs, managing directors, portfolio managers are relocating. That area is seeing a boom in financial firms from the tri state area (and Charlotte). FL actively recruits them, too.

That needs to be reversed, but how?

Originally Posted by BobNJ1960

Dems seem to think higher taxes will keep them here.

Hedge funds are pass thru vehicles and do not pay taxes. The managers and the employees pay the taxes. The wealthy hedge fund owners already have established homes in other states like Florida for tax purposes. It also allows them to avoid CT's inheritance tax.


Frontline employees do not have those options and I don't think many would uproot their whole lives to save a few thousand in taxes a year at best. I wouldn't move for that. Double my salary and I would consider it.




For you guys and all the other haters I would be more worried about moving out of CT now before Lamont is elected. You'll have a much better chance at selling your houses now.

[NewBritainCT_native89]

I’m surprise there were no mentioned about the development of Preston Riverwalk? Mentioned of resorts and theme park across from the Mohegan Sun. Sounds exciting!

[RunD1987]

Originally Posted by NewBritainCT_native89

I’m surprise there were no mentioned about the development of Preston Riverwalk? Mentioned of resorts and theme park across from the Mohegan Sun. Sounds exciting!

What's that?

[RunD1987]

Originally Posted by MrGompers

For you guys and all the other haters I would be more worried about moving out of CT now before Lamont is elected. You'll have a much better chance at selling your houses now.

Not voting for Stefanowski or Lamont. I would assume you say Stefanowski due to municipalities raising property taxes once he reforms the tax system of the State.

[NewBritainCT_native89]

Originally Posted by RunD1987

What's that?

Mohegan Sun wants to develop the old Norwich hospital. Theme park, water park, hotels, etc sounds exciting and great for southeastern Connecticut.

http://www.courant.com/news/connecti...115-story.html