Millions in the Budget for Hartford & Windsor

tax
May 6, 2022
Late Monday night, the House passed the State Budget. This historic budget contains $600 million in total tax relief for all of us, including child tax credits, a 100% exemption on retirement income, a cap on car taxes, increases to the Earned Income Tax Credit (EITC), and a continued suspension of the gas tax through December.

In addition, I am pleased to report that the budget contains the largest amount of total state aid to Hartford and Windsor ever granted.
  • Hartford will receive $294,059,371 in total aid for Fiscal Year (FY) 23
  • Windsor will receive $15,308,518 in total aid for FY 23

In this budget, we also established a new car tax cap, which will be set at 32.46 mills. No matter what mill rate the town sets above that, the mill rate for your car will be 32.46 mills. The Town will be reimbursed for any difference in tax revenue, which ensures your taxes won't be raised elsewhere.

  • Hartford will be reimbursed $18,768,858 during FY 23
  • Windsor will be reimbursed $205,072 during FY 23

In addition, none of our schools will see cuts in education cost sharing dollars – in fact we are receiving the most funding ever awarded. This builds on last year’s historic increase in education aid to provide our students with the support they need, and our residents with necessary property tax relief.
 
Below you will find more highlights from the state budget:

The budget CUTS YOUR TAXES
  • Historic $4.2 billion payment to our pension debt in addition to last year's payment
  • Frees up $314.9 million in federal ARPA funding to invest in education, mental health, our cities & towns, senior aid, and law enforcement support
  • Makes a $1.8 billion investment in the Rainy Day Fund
  • Increases the Earned Income Tax Credit to 41.5%
  • Establishes a state child tax payment that taxpayers (with qualifying incomes) can claim on their personal income tax for children under the age of 16 years.
    • Can be claimed as either a nonrefundable or a refundable credit:
      • Nonrefundable – provides a $250 credit per child (up to 3 children)
      • Refundable – provides $175 per child or 70% of the nonrefundable amount for individuals over the income threshold, but below the maximum allowance, whichever is lower in value than the nonrefundable credit
  • $158 million invested into childcare services throughout the state
    • $25 million for infant to toddler programs
    • $1.65 million for birth to three early intervention programs
This is a budget that promotes financial responsibility, and the mental well-being of all Connecticut residents, and makes historic investments in our community. I am proud of the hard work my colleagues put into drafting the budget. I will continue to advocate for Hartford and Windsor, ensuring our community gets all the funding we need.