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  • Newtowners Paid $12 Million More After Retroactive Tax Increase

    As Newtown struggled through its 2011 budget process, Board of Finance Vice Chair Joe Kearney was also watching closely as Governor Dannel P. Malloy rolled out a retroactive personal income tax increase in an effort to close an anticipated shortfall in state revenue projections.

    At the time, Newtown’s Senator and State Minority Leader John McKinney decried the measure, calling it a massive new financial burden on the state’s middle class coming at a time when taxpayers could least afford it.