Comptroller Sean Scanlon’s plan drew praise from legislative leaders and Gov. Ned Lamont. The municipal pension fund is used by 107 CT towns.
Of the $125 million that CT legislators set aside for the child tax credit, about $92.5 million has been claimed.
The child tax rebate is available to single parents who earned $100,000 or less and to couples who make $200,000 or less.
The bill would create a new $600-per-child credit for low and middle income families.
Sean Scanlon’s announcement is another step toward setting the Democratic and Republican lineups ahead of next month’s conventions.
About 600,000 Connecticut children, and the state’s economy, would be affected if Congress fails to renew key pandemic relief.
Surging sales tax receipts are swelling Connecticut’s already robust coffers by another $800 million, sparking new talk of tax cuts.
The new state budget mandates Connecticut’s first tax fairness study in seven years.
One legislator has pitched a number of options to salvage tax cuts to the working poor and families with children.
The $70 million privately funded expansion will include a new four-gate, 74,000 square-foot terminal and daily service from a new airline.
The plan includes one of the largest tax breaks in state history for working class families.
Could state incentive payments get towns to regionalize services and support a cap on property taxes?
House Democrats tempered their income tax relief plan for households with children to ensure the program continues year after year.
Lawmakers raised bills to cap property tax hikes, and potentially battle Gov. Ned Lamont for control of Connecticut’s borrowing.
A new proposal Tuesday would give middle class families with children their largest state income tax break in a decade.