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Municipal Aid

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Analysis Shows How CT Towns Fare In New State Budget Analysis Shows How CT Towns Fare In New State Budget
Analysis Shows How CT Towns Fare In New State Budget Connecticut's $43 budget that Gov. Ned Lamont is expected to sign on Wednesday, June 5 includes more than $2 billion for public schools in each of the next two fiscal years. In addition to Education Cost Sharing grants effective July 1, the two-year budget includes more than $290 million in each year distributed through a combination of non-education grants. These include: the Municipal Revenue Sharing and Stabilization grants, the Mashantucket Pequot grant and programs that partially reimburse communities for properties exempt from local taxes -- such as state land and buildings and no…

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by Jon Craig
Politics
CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams
CT Senate OKs $43 Billion State Budget Lamont Hails As 'Fair, Balanced,' But GOP Senator Slams As promised by Gov. Ned Lamont, Connecticut's $43 billion budget is on time and balanced.  That wasn't enough good news for 14 Senate Republicans and two Democrats who voted against it on Tuesday night, June 4. By a 20-16 vote, the Senate passed a two-year budget that Republicans complained is full of new taxes and shifts billions of dollars in pension debt onto the next generation of taxpayers. The budget erases a $3 billion deficit that Lamont inherited when he became governor in January. Lamont got the support of legislators in making new investments in health care and boostin…

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by Jon Craig
Politics
Bridgeport, Danbury Lead County In Municipal Aid In New State Budget Bridgeport, Danbury Lead County In Municipal Aid In New State Budget
Bridgeport, Danbury Lead County In Municipal Aid In New State Budget Some Fairfield County municipalities are set to see some of the most municipal aid in Connecticut Gov. Ned Lamont’s first budget proposal. On Wednesday, Feb. 20, in the Hall of the House of Representatives in the State Capitol, Lamont discussed his proposed budget, a two-year, $43.1 billion taxing and spending plan. The governor said that the current budget “keeps faith with our cities, but not at the expense of our towns; maintains our commitment to education and provides additional property tax relief; tackles long-term fixed costs; focuses on a 21st-century workforce, economy and tr…

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by Zak Failla
Politics
Parting Plan? Malloy Offers Lamont Insights On Multi-Billion-Dollar State Deficit Parting Plan? Malloy Offers Lamont Insights On Multi-Billion-Dollar State Deficit
Parting Plan? Malloy Offers Lamont Insights On Multi-Billion-Dollar State Deficit During the gubernatorial debates, Democrat Ned Lamont said his first order of business would be to craft a fiscally-responsible state budget within 90 days. The clock is ticking, and outgoing governor Dannel P. Malloy offered the governor-elect some tips. Malloy suggested some strategies to avert a multi-billion-dollar deficit that Connecticut could face over the next two years — if solutions remain elusive. Malloy suggested that Lamont, a Democrat from Greenwich, tap into state reserves to avoid tax hikes. Other deficit-trimming options Malloy cited in his transition budget include: …

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by Jon Craig