Connecticut's $3B Tax Gap: What's Next?

0:00Connecticut's sitting on a massive $3 billion tax gap, the difference between what folks owe the state and what actually gets collected. That's from 2022 data, and it's wild because only eight states out of all 50 even bother tracking this issue properly, according to A. Fresh Pew Charitable Trust Analysis Last year, lawmakers and governor Ned Lamon greenlit the administration to measure this gap every year and roll out fixes. The Department of Revenue Services launched a discovery unit to hunt down non-filers, ramp up audits, and nudge delinquent taxpayers to pay up. This gap hits hard as about 13% of the state's total revenues back then, matching every dollar spent on Medicaid. Officials like Lamon's budget team stress fiscal transparency, saying they're always hunting ways to collect what's owed while groups like. Connecticut Voices for Children push for more aggressive moves to dodge federal aid cuts. Those states ignore the problem entirely, and it's getting tougher with IRS staffing slashes that states depend on for data.

1:03Tax agencies nationwide struggle with hiring and retention, especially as one-third of workers hit age 55 or older. Connecticut's next tax gap report drops in December, so keep an eye on how they close in on those billions. It could mean lower taxes or better. Services down the line. Parford News Today, powered by AI bringing you what matters.