Cost and Distributional Estimates of the Governor’s Major Tax Proposals for FY 2024 – FY 2025

Connecticut Voices for Children released a new report, “Cost and Distributional Estimates of the Governor’s Major Tax Proposals for FY 2024 – FY 2025.” The brief report has two primary, related objectives. The first primary objective is to provide cost and distributional estimates of the governor’s three major tax proposals for fiscal years 2024 and 2025. The second primary objective is to show that it is possible to add a permanent Connecticut child tax credit (CT CTC) to the governor’s proposed tax program without increasing the overall cost of the program.