With almost $7 billion in budget reserves, CT legislators are waiting impatiently for Gov. Ned Lamont to agree on a child tax credit.
Top legislative leaders announced they expect to wrap voting on a major new package of raises and bonuses for state employees by week’s end.
The Appropriations Committee endorsed raises and bonuses that would boost compensation for most state employees by 7% this year.
The Appropriations Committee hearing will address an issue that has polarized the General Assembly, labor and taxpayer advocacy groups.
The package, which would force CT to draw almost $300 million from its reserves, is expected to come under fire from Republican lawmakers.
Gov. Ned Lamont advised lawmakers to “follow the rules of the road” by sticking with budgetary safety net they established in 2017.
Lawmakers are expected to endorse income tax cuts for the working poor and middle class, as well as a new child tax credit.
State officials are feeling the pressure to share CT’s swelling budget reserves with struggling households and businesses.
As elections near, the battle to frame CT’s financial situation — as the best of times or the worst of times — is expected to intensify.
The tentative deals are “strong agreements” that “will proudly be reported” to the rank-and-file for ratification, according to SEBAC.
Democratic leaders want permanent tax relief for CT’s working poor. The governor isn’t convinced.
House Republicans focus for 2022 is centered on cutting taxes and securing an independent probe of state contracting practices.
Connecticut towns would receive about $2.85 billion in statutory formula grants in the upcoming fiscal year under Gov. Ned Lamont’s plan.
After initial reluctance, Gov. Ned Lamont’s administration is warming to the prospect of helping towns improve air quality in schools.
Gov. Ned Lamont proposed a state budget that funds a middle-class property tax relief program and makes major new investments in many areas.