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Malloy extends tax relief to retired teachers, towns, consumers

By Christine Stuart

HARTFORD, Conn. – In what may seem to cynics like another attempt to win back the support of school teachers, Gov. Dannel P. Malloy proposed exempting 50 percent of teachers’ pension from state income tax.

The proposal will cost the state $23.1 million in 2015 and $23.7 million in 2016.

“This is an item I’ve wanted to do since 2006 when I first met with a group of retirees and realized they were treated so unfairly,” Malloy said.

He pointed out that teachers do not receive Social Security, so their pension is generally their only form of income. But most state’s with an income tax, tax teachers’ pensions. There are only five states that don’t tax teacher pension income, according to a report by the Office of Legislative Research.

Read the full story at Ct News Junkie

 

 

Comments

5 responses to “Malloy extends tax relief to retired teachers, towns, consumers”

  1. some are more equal than others

    Three Card Malloy.
    .
    His legacy is his own doing.
    .
    Really? Show me one teacher pension that is less than anyone’s social security benefits payments. You can’t.

  2. You may want to check your facts

    I gotta agree with that. A teacher (or cop or fireman) is no more deserving of that then anyone else in this state. That just sea extremely unfair.

  3. anonymous

    Only teachers, why not all public workers? Why doesn’t Malloy raise the incomes of all Connecticut retirees on social security to the levels of retired teachers and public workers? That way the State can speed up its descent into bankruptcy.

  4. Admo

    Really? I can’t even collect my husband’s SS is that fair??

  5. Piberman

    How many more budget tricks does the Governor have in this re-election campaign ? Let’s just give the entire so called “surplus” to public unions. It’s the Democratic” way in CT.

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