“There are no new taxes” – Governor Dannel Malloy 6/6/13
by jonpelto
On Thursday, Governor Malloy and Lt. Governor Wyman held a press conference to address issues surrounding the newly adopted state budget. Malloy told reporters, “I think that there are no taxes in this budget that were not present previously…There are no new taxes.”
That is, the Governor is suggesting that the following are not “new taxes”…
- The largest gas tax increase in Connecticut history that will take effect on July 1, 2013. At present wholesale prices, the additional gas tax will add about 4 cents per gallon. This increase will bring in about $60 million to Connecticut’s Transportation Fund. However, as the CT Mirror noted, “the new budget then shifts $91 million from that fund into non-transportation programs next fiscal year.”
- $17.5 million more from extending the $2.50 per megawatt-hour tax on power plants from July 1, 2013 to October 1, 2013 (Malloy had wanted a 2 year extension).
