Bipartisan Spending Stabilization Plan Passes

May 7, 2024
I'm proud to say we passed a bipartisan spending stabilization plan that will ensure our two-year state budget's historic tax cuts are protected, and we invest in the priorities that matter to you.

Remember, the two-year budget includes:

  • The Largest Income Tax Cut in State History
  • Investments in Public Education
  • New supports for the IDD community
  • Expansion of Debt-Free Community College
  • A Strong and Vibrant Safety Net of Programs

We used remaining federal American Rescue Plan Act (ARPA) funds to provide support to some important priorities such as:

  • Higher Education - $160 million
  • Early Childcare - $21.8 million
  • Mental Health - $24 million
  • Nonprofits - $50 million

The ARPA funding also includes $900,000 for the Town of Manchester!

All that and we are putting more than a billion dollars into the state's Rainy Day Fund and paying down pension debt.

I am proud to report that Connecticut is set up to succeed financially in the present as well as the future.