An Update on the BudgetMay 6, 2019
Earlier this week, the Appropriations Committee and Finance Committee presented our budget and finance package that invests in our children, protects our seniors, holds the line on spending and invests in CT jobs.
Funding Our Schools
The proposed budget funds our schools. It’s not fair to our school district to keep changing up the math on them when it comes to education funds (the ECS formula). We have a bipartisan formula, and we are sticking to it. As a member of the Appropriations and Education Committees I know how important it is that we fund our schools.
We rejected the Governor’s proposal for an asset test for the Medicare Savings Program, rejected his proposed taxes on Social Security and pension income and increased funding for Meals on Wheels. The Finance package also restores the local property tax credit, and provides additional financial support for towns to provide property tax relief.
Sound Fiscal Constraints
No more kicking the can down the road, we have bills to pay, and we are paying them. The budget is under the Spending Cap, we are paying our debts and investing in programs that work – there are no gimmicks in this budget.
We are finding ways to make CT's government more efficient, about 70% of the state’s Personal Service Agreements are not competitively bid annually, according to the Contracting Standards Board – that’s literally billions of dollars. We are estimating that this Board, when adequately staffed, can work with our agencies to find millions in savings.
Invests in CT Economy
One of the key complaints from our Tourism industry is just the lack of friendliness on the way Connecticut looks when you drive down the highway. So we are opening welcoming centers across CT for 24 hours a day, including in North Stonington.
Our plan invests in workforce development, helping to make sure that we connect job seekers with employers, such as our manufacturing pipeline initiative. We eliminate the business entity tax and expand the Angel Investor Tax program, helping small entrepreneurs get the resources they need to grow.
Democrats, Republicans and Governor Lamont begin budget negotiations....Our goal is always a bipartisan plan that makes Connecticut a great place to live, work and do business.
Please keep in mind, this is a work in progress, and I will continue to work with my colleagues to ensure I can stand by the final budget that will be voted on.