Brandon Chafee

We make historic investments in local education through Education Cost Sharing (ECS) funds, which helps reduce local property taxes and makes it easier for our urban schools to recruit and retain teachers as peer educators.

This balanced, bipartisan budget maintains our commitment to promoting fiscal responsibility and stability to continue strengthening our economy, while delivering on key investments to support children, families and seniors.

 

With this good budget stewardship and honoring the fiscal guardrails, we will maintain our excellent credit rating and pay down debt.

Key highlights:

 

• Deposits $3.3 billion into the Rainy Day Fund, helping us maintain a high credit rating and preparing us for any possible economic downfall.
• Pre-pays an additional $2.072 billion in unfunded pension liability.
• Includes the largest Personal Income Tax Cut in CT history ($190.6 million in FY 24 and $421.7 million in FY25).
• Exempts more retiree income from the state income tax.
• Continues our car tax cap
• Increases funding to towns – helping stabilize and lower local property taxes
• Continues property tax credits for homeowners

 

Supports Our Robust Safety Net Services by:

 

• Funding our nonprofit providers – 2.5% cost of living increases for critical service workers
• Providing funding to group home employees – roughly a 4.5% pay increase
• Making historic investments of over $30 million for residents with Intellectual and Developmental Disabilities (IDD)

 

In the coming weeks, I plan to share more details on provisions in the measure to help you understand what this means to you.

As always, please reach out to my office if you have questions or need assistance.

Sincerely,





Brandon Chafee

State Representative