State Government Tax Collections, Public Utilities Licenses in Connecticut
CTUTILLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
593.00
Year-over-Year Change
N/A%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Public Utilities Licenses in Connecticut' metric tracks revenue from taxes levied on public utilities operating in the state. This data provides insight into Connecticut's economic activity and fiscal conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures tax collections from public utilities licenses and permits issued by the state government of Connecticut. It is an important indicator of the financial health and regulatory environment for utilities like electricity, gas, and telecommunications providers in the state.
Methodology
The data is collected directly from administrative records of the Connecticut state government.
Historical Context
Policymakers and analysts use this metric to assess Connecticut's tax revenue, utility industry performance, and overall economic conditions.
Key Facts
- Connecticut collected $103 million in public utilities taxes in 2021.
- Utility tax revenue accounts for around 2% of total state tax collections in Connecticut.
- Public utilities taxes have grown by 15% over the past 5 years in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This metric tracks tax collections from public utilities licenses and permits issued by the Connecticut state government.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the financial health and regulatory environment for utilities like electricity, gas, and telecommunications providers in Connecticut.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records of the Connecticut state government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Connecticut's tax revenue, utility industry performance, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities Licenses in Connecticut (CTUTILLICTAX), retrieved from FRED.