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DRS Issues Payroll Tax Commission Information Request to Employers
This week, DRS has sent two e-mails to certain employers – the first introduced the information request; the second includes a brief survey.
Baltimore, Bridgeport, Connecticut, among cost-effective tech areas
Tech continues to be a lucrative profession in the United States for those who have cemented a place in the workforce with their skills. A key finding in the survey is that cities not associated with tech are becoming places worth looking at for locating operations as they attract more tech companies and more tech talent. For CFOs who are looking at expansion or relocation, the survey results provide a starting point for researching locations.
Towns Begin Grappling With Loss Of Tax Revenue On Homes With Crumbling Foundations
Even as dozens of homes with crumbling foundations are repaired this summer through state funding, hundreds or thousands more will await a fix indefinitely while their value to the homeowner is cut almost in half. Since 2016, property owners have been able to apply to have their assessments and property tax bills lowered temporarily to account for the sudden loss in value that follows the discovery of the mineral pyrrhotite in their foundations.
Some cities and towns see tax-break deals as key to economic growth
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 agreements, seeking a competitive edge in attracting investment. Deals can give developers/owners a temporary or even permanent lower...
State Launches Quality Assessment, Cost Estimator Tool
A new web tool released by the Office of Health Strategy Wednesday is expected to help consumers assess the quality of hospitals and provider networks. The Healthscore CT website, which went live Wednesday, currently helps consumers see how well healthcare systems and hospitals score on quality measures ranging from breast and cervical screening to timely care.
New report shows CT still lags the nation in personal income growth
Personal income surged nationally this year in a way not seen since 2011 — but growth in Connecticut still lagged most of the nation, according to a new analysis from Pew Charitable Trusts. Personal income in the U.S. rose by 2 percent in the first quarter of 2019 compared with the same three-month period in 2018. Connecticut’s growth was only about one fourth of that. More importantly it marked the second consecutive quarter that personal income grew in all 50 states — a benchmark not...
Robert Lally Pens 'Hartford Courant' Op-Ed "Some people are moving out of state, but I'm not one of them. Here's why."
After living in Avon for 28 years, my house is for sale. I have answered so many inquiries that I finally put a sign up under the “For Sale” sign that reads: “Moving across town, staying in CT, love Avon.”
CT, Hartford County biz formation on the rise
In what’s generally viewed as a positive economic sign, the spread between newly registered businesses and dissolving businesses is widening in Connecticut. During the first six months of 2019, net business starts -- the difference between businesses that form or register (starts) and those that dissolve or withdraw (stops) -- was 15,493, according to the latest data from the Secretary of the State.
2019 Employment Legislation Summary
In the 2019 legislative session, Connecticut's General Assembly passed several new laws with big ramifications for employers. Unless otherwise noted, the changes are effective October 1, 2019.  Our friends at Shipman & Goodwin LLP have compiled this comprehensive employment legislation summary .
Employers Must Report EEOC Wage Data by Sept. 30
The U.S. Equal Employment Opportunity Commission opened its electronic filing system for EEO-1 pay data July 15 after a long delay. That means employers have until Sept. 30 to file wage data for 2017 and 2018, plus the usual 2018 data on employees broken down by job category, race, sex, and ethnicity.