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Remember, the two-year budget includes:
- The Largest Income Tax Cut in State History
- Investments in Public Education
- New supports for the IDD community
- Expansion of Debt-Free Community College
- A Strong and Vibrant Safety Net of Programs
We used remaining federal American Rescue Plan Act funds to provide support to some important priorities such as:
- Higher Education - $160 million
- Early Childcare - $21.8 million
- Mental Health - $24 million
- Nonprofits - $50 million
The ARPA funding for Bridgeport includes:
- City of Bridgeport - $7,000,000
- University of Bridgeport - $500,000
- Bridgeport Economic Development Corporation - $350,000
- Downtown Thursdays in Bridgeport - $200,000
- Summerfield United Methodist Church - $125,000
- Bridgeport Youth Lacrosse - $100,000
- Elevate Bridgeport - $100,000
- Hoops & Dreams - $75,000
- Sisters at the Shores - $50,000
- Bethlehem House Bridgeport/Stratford - $30,000
- Bridgeport Ballerz - $25,000
- Bridgeport Pop Warner Football League - $25,000
- Eastend Popup Market - $10,000
The Education Cost Sharing (ECS) grant formula was also recalculated, so Bridgeport will go from $192,456,792 in FY 2024 to $201,710,496 for FY 2025.
All that and we are putting more than a billion dollars into the state's Rainy Day Fund and paying down pension debt.
I am proud to report that Connecticut is set up to succeed financially in the present as well as the future. |
