Conntact.com - CT Business News Journal

Pre-school sales tax break: A holiday from fiscal reality?

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By Jacqueline Rabe and Keith M. Phaneuf
August 13, 2010

Are state lawmakers feeling buyer's remorse for the $4 million the state will "spend" on the back-to-school sales tax holiday beginning Sunday?

With a $3.4 billion deficit on the horizon and having borrowed money for the current year's budget, officials are divided on the revenue reduction, or "tax expenditure," behind the annual event. Read more





 
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Posted on Thursday, 01 December 2011