Connecticut-based Dalio Education recently released a report it commissioned that focused on "disconnected and at-risk youth" and found more than 63,000 young adults were disconnected, and 56,000 students were at risk between 2021 and 2022, according to the compiled data.
During the 2023 Legislative Session, I worked with my colleagues to pass a new two-year state budget that stands up for consumers, including a freeze of scheduled increases on the diesel tax, which helps lower the price of groceries and other commodities while reducing the cost of doing business in Connecticut.
The House of Representatives delivered a state budget that includes the largest income tax cut in the state’s history and significant increases in funding for local schools, also known as Education Cost Sharing (ECS) funds.
Good news for Connecticut's growing economy! Connecticut just received an upgraded credit rating from the Kroll Bond Rating Agency, which means that our General Obligation bond credit rating was upgraded from AA (stable) to AA+ (stable), just one step below the highest credit rating possible!
Eversource and United Illuminating (UI), Connecticut's two electric distribution companies (EDCs), have filed new and lower standard service rates for residential customers from July 1 through December 31 with the Connecticut Public Utilities Regulatory Authority (PURA), and the average bills are expected to decrease significantly from current levels.
We are more than halfway through the regular session, and this is the time of year when legislative activity picks up in the Connecticut General Assembly. After weeks of holding public hearings, the Finance, Revenue, and Bonding Committee and Appropriations Committee approved their budget proposals (Appropriations handles the spending side and Finance handles the revenue side).