Passage of the budget: This session’s grand finale
As we approach the end of our 2021 Regular Legislative Session, I couldn’t be prouder of the work we have been able to accomplish as we all learned new and unprecedented ways to stay connected with each of you.
I am grateful for your input, participation and recommendations throughout the last few months as we worked together on issues and priorities that you care about and that I adopted as my own.
This session, we passed a $46.4 billion biennium budget with a $2.3 billion surplus that is strong on taxes, offers relief from the ravages of COVID-19, helps jumpstart our economy, and invests in our cities and towns, nonprofits and working families.
We also kept our commitment to funding local schools – ensuring we give towns predictability by honoring our formula for state grants, and ensuring no town receives less than it got the year before.
Our 2022-2023 Biennium budget:
- Rejects tax hikes on gasoline, insurance policies and large Connecticut home properties
- Includes tax relief for restaurants and allows certain businesses to keep 13.6% of the 7.35% sales tax they collect on sales of meals and beverages for FY 22
- Increases the state's earned income tax credit to 30.5% of the federal credit
- Eliminates the admissions tax for entertainment venues as of July 1, 2021
- Maintains our historic balance in the state's $3.5 billion Rainy-Day Fund
- Increases town aid and fairly funds Education Cost Sharing (ECS)
- Expands healthcare for 40,000 residents and families
- Supports small businesses and minority-owned businesses
- Expands workforce training so that we can get people back to work
- Fully funds debt-free community college
- Includes relief for arts, culture and tourism
In addition, we listened to many of you and provided increased funding for hospitals and local health departments in response to COVID-19. We included additional resources to those on the frontlines of the pandemic including nursing homes, prisons, schools and nonprofit providers. We are also delivering the necessary tools for state agencies to safely reopen and serve our residents.
As we recover emotionally and financially from the pandemic, adopt a balanced state budget, and move forward with a wide variety of accomplishments this session, I am optimistic that Connecticut is coming back stronger than ever before.