CURRENT NEWS

Historic Tax Cuts

January 9, 2024

As a result of fiscally responsible budgeting by the legislature and governor, significant tax relief is on the way for many Connecticut taxpayers in 2024.

Three tax relief measures went into effect on January 1, including the largest income tax cut in state history, an increase in a tax credit aimed at the lowest-income workers, and an expansion of exemptions on certain pension and annuity earnings that will benefit seniors.

One million filers will benefit from a decrease in the rates for the two lowest state income tax brackets:

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New Year Brings New Laws

December 22, 2023

Many of the new state laws passed during the 2023 legislative session take effect on January 1, 2024.

Some of the various issues addressed by the new laws include early voting, healthcare services, as well as online privacy and data protection.

Also on January 1, the state's minimum wage will increase from $15.00 to $15.69 as a result of 2019 legislation, which implemented five incremental increases followed by future adjustments based on the federal employment cost index.

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Investing in Higher Education

August 30, 2023

This year we made significant strides in supporting higher education, helping to ensure a brighter future for our students with more opportunities, expanded support, and financial relief.

During the 2023 legislative session, we allocated over $135 million more for higher education in our biennial state budget than initially proposed. We did this in order to support initiatives that reflect our commitment to help address the growing challenges faced by students and graduates.

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