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This week Senate Republican lawmakers released a revised line-by-line state budget proposal that does not rely on new taxes.
We are proud to offer a budget proposal that continues to protect municipalities, provide funding for core social services, support our state’s transportation needs, and increase funding for education to towns and cities across the state.
The updated two-year proposal does the following:
- Closes the state budget deficit without tax increases
- Increases education funding by $170 million in the first two years and includes a new Education Cost Sharing formula
- Reformulates municipal funding, eliminates MRSA (which should have never been promised) and also holds towns harmless in the first year to cuts to statutory grants
- Streamlines government
- Provides for structural changes
- Maintains the tax exempt status for hospitals to protect them from a new local hospital tax
- Preserves core government services by restoring funding for social services such as Meals on Wheels, mental health care and substance abuse treatment
- Prioritizes transportation needs and stabilizes funding without tolls or new taxes
- Lowers taxes for retirees and helps seniors age in place
- Enhances funding for state parks and tourism
The revised budget addresses the dramatic revenue drop reported at the end of April which leaves our state with a budget shortfall of nearly $5 billion.
Bottom line: We have a plan to get CT out of this fiscal mess and get us back on a path to sustainability, predictability, stability and economic growth.
Line-by-line details available at: www.ctsenaterepublicans.com
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