New Law Could Bring $200K to Windsor

Governor Dannel P. Malloy put his signature on a bill that could create more than $200,000 in additional revenue to Windsor in the upcoming fiscal year.

The new law, known as Public Act 11-1, will allow municipalities to receive a portion of property taxes paid by telecommunications companies, according to a statement released by the Connecticut Senate Democrats Caucus.

“In this difficult economy, our cities and towns can use all the help they can get when it comes to managing their finances," said Senator Eric Coleman (D - Windsor, Bloomfield and Hartford).

"It will grant municipalities added flexibility in choosing how best to meet the needs of their residents,” he added.

Windsor could potentially gain $211,000. Hartford will stand to gain just over $40,000, while Bloomfield could bring in more than $10,000.

The law, which was introduced by the legislature's Planning and Development Committee, for which Coleman is the vice chair, will give municipalities the option to collect half of the property taxes paid by telecommunications companies twice per year.