$20 currency notes are seen at the Bureau of Engraving and Printing in Washington. (AP Photo/J. Scott Applewhite, File)
Updated: Monday, 24 Sep 2012, 5:07 AM EDT
Published : Monday, 24 Sep 2012, 5:07 AM EDT
HARTFORD, Conn. (AP) — The Connecticut Conference of Municipalities is unveiling a new report on the state of local property taxes imposed by cities and towns across Connecticut.
The coalition of municipal leaders is scheduled to release the first report Monday as part of its 2012 election-season advocacy campaign. CCM is attempting to influence state legislative candidates and candidates for the Connecticut's U.S. Senate and House seats.
Cities and towns rely on the local property tax, typically imposed on real estate and vehicles, for much of their revenue. CCM has voiced concern for years that revenue collected from the tax is inadequate to cover municipal costs.
Monday's report will examine the adequacy of new state policies designed to reduce an overreliance on the tax.