May 25, 2022

Senator Daily Interested in Reassessing Connecticut “tax credits and tax exemptions”

Senator Eileen Daily

Returning recently from a seminar of state budget chairs, hosted by the National Conference of State Legislatures, State Senator Eileen M. Daily said, “I was particularly interested in one discussion about “a reassessment of tax credits and tax exemptions.”

Although Daily, the State Senate’s chair of the Finance, Revenue and Bonding Committee, declined to specify which Connecticut tax credits and tax exemptions that she was taking a look at, she appeared to hint that some of them could be cut back or even eliminated.

In further comments about the seminar, Daily said, “I’m very fortunate to have had this opportunity to compare and contrast Connecticut’s fiscal condition with that of so many other states and to trade potential remedies to the common theme: bridging the gap between the Government’s many responsibilities and government’s ability to afford and meet these responsibilities.”

She continued. “There is no cookie-cutter formula to apply across-the-board for all states; instead each state will have to consider some combination from the menu of possibilities aired this week.”

The Senator added, “Of special importance will be the growing relationship among budget committee chairs from northeastern states. We already met once with plans to meet again soon, and we are determined to emerge from this economic downturn with a strong regional economy focused on our common interests.”

Daily was careful to note that her expenses for the three-day seminar were paid for by the National Conference of State Legislatures and not the State of Connecticut.

Senator Daily was elected last month for her tenth term in the Connecticut General Assembly.  The General Assembly is scheduled to begin its next session on January 5, 2011.