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Matt Pilon

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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What about city spending?

By and , Hartford Business Journal | July 16, 2019

In this second week of our series, most of the ideas explored as potential ways to shore up the city’s finances and lower the mill rate involve raising additional tax revenue or shifting the tax burden from one group to another. Of course, the amount the city spends on municipal and education services correlates directly…

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Solution: Sell off state properties in Hartford

By and , Hartford Business Journal | July 16, 2019

Former Gov. Dannel P. Malloy became one of Hartford’s most active landlords during his eight years in office, having approved the purchase of two major downtown office buildings for a combined $52.5 million — 450 Columbus Blvd. (formerly known as Connecticut River Plaza) and 55 Farmington Ave. (formerly owned by The Hartford). Those purchases, covering…

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Solution: Rebalance the city’s tax burden

By and , Hartford Business Journal | July 16, 2019

Hartford is the only municipality in Connecticut allowed to treat residential property owners differently from owners of commercial or industrial property. Homeowners in Hartford pay taxes on 35 percent of the market value of their properties, while commercial owners pay taxes on 70 percent of market value, like the rest of Connecticut. That bifurcated structure,…

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Solution: Fully fund the state’s PILOT program

By , Hartford Business Journal | July 16, 2019

Municipal leaders in Connecticut are intimately familiar with the state’s own PILOT program, which reimburses cities and towns, at least partially, for state-owned and other tax-exempt properties. The program, which is part of the overall state aid cities and towns receive, has become the subject of much griping over the years as state lawmakers have…

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