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Gregory Seay

Some cities and towns see tax-break deals as key to economic growth

By , and , Hartford Business Journal | August 12, 2019

A number of Connecticut municipalities use tax breaks or incentives to stimulate growth. But for some, particularly cities like Hartford and New Haven with high tax rates, they can be the literal lifeblood of much of the economic development that occurs within their borders. Even towns with lower property-tax rates like Windsor resort to tax-fixing…

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A major tax deal for a prominent Hartford landlord

By and , Hartford Business Journal | August 12, 2019

A recent and notable tax-break deal the city of Hartford hatched in recent years was with one of its most prominent downtown landlords: Shelbourne Global. Shelbourne is a New York realty investor/developer/landlord that has purchased more than $200 million in Hartford real estate over the last few years, including some of downtown’s most prized Class…

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Solution: Alternative revenue sources could bolster city budget, lower tax rate

By and , Hartford Business Journal | July 16, 2019

In the midst of the last recession, Massachusetts lawmakers — a place where, like Connecticut, municipalities rely heavily on property taxes — gave their cities and towns a powerful new revenue-raising tool. Since 2009, by vote of a local selectboard or city council, municipalities have been able to tack on 0.75 percentage points to the…

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Myriad ideas exist to solve Hartford’s property tax dilemma

By and , Hartford Business Journal | July 15, 2019

For years, John Tornatore chafed at the high personal and real estate property taxes the city of Hartford levied on his South End flower shop. In the mid-2000s, Tornatore was fed up with the steep impacts  of a revaluation and ready to move his enterprise with roots to the days when gunmaker Colt’s dominated the…

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