Next Step for the Budget

May 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.

Supporting Seniors
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.

Invests in CT Economy
Our plan invests in workforce development, helping to make sure that we connect jobseekers 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.

Next Steps
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.