Connecticut’s bipartisan budget enacted by law – NBC Connecticut
Connecticut has a budget of $ 46.7 billion over two years and it was passed for the first time in four years with bipartisan support.
“This budget sets the stage for a strong and financially sound state government for years to come and we have done all of this in a bipartisan and collaborative manner,” said Lieutenant Governor Susan Bysiewicz.
The budget also creates a new way of distributing funds for cities and towns.
“I think this is a historic and transformative budget that we passed in 2021. It helps us meet many needs that have not been adequately met,” said the Senate Speaker , Martin Looney.
Republicans like it, he hasn’t included further tax increases.
âWe haven’t seen tax increases on our residents. It was something important for Republicans, âsaid parliamentary minority leader Vincent Candelora.
Republicans and Governor Ned Lamont felt there was no need to raise taxes in a year when the state recorded a record amount of federal revenue.
âI think one thing we all agree on – that’s why this is a bipartisan budget – is that we want to do whatever we can to make Connecticut more affordable for our working families and our middle class and that’s what this budget does, âsays Lamont.
At first glance, this is a two-year, $ 46.7 billion budget passed with bipartisan support, but buried in those numbers are hundreds of policy decisions such as the dozen city bond. with Native American mascots forgoing funding from the Tribal Games Fund.
There are also sweeping voter registration laws. And now, Connecticut high school graduates automatically enter one of Connecticut’s four regional universities.
Lamont appreciates the fact that it is helping to pay off $ 1.3 billion in long-term retirement debt.
âFor the first time in history, we were starting to pay off this mortgage. That you call this long term retirement obligation that we had, âLamont said.
This will save future governors and legislatures around $ 100 million per year.
âThe retirement debt we are paying frees up real money in our budget that can be used for projects that we think are important,â said Rep. Holly Cheeseman, R-Niantic.