(HARTFORD, CT) – Governor Ned Lamont on June 6,2023, is commending the overwhelming majority of bipartisan lawmakers in the Connecticut General Assembly who voted to approve a biennial state budget for fiscal years 2024 and 2025 that includes the largest cut to the state’s income tax rates in Connecticut history and increases to the Earned Income Tax Credit for low-income working individuals and families, while also providing significant increases in funding for K-12 education, child care programs, affordable housing units, and nonprofit providers.
The budget bill – House Bill 6941 – passed the House of Representatives early this morning on a vote of 139-12 and it passed the Senate this afternoon on a vote of 35-1. Now that both chambers of the General Assembly have approved the bill, it will soon be transmitted to the governor’s desk and he will sign it into law.
“We are delivering the largest cut to Connecticut’s income tax rates in state history,” Governor Lamont said. “We are able to do this as a result of the fiscal discipline that we implemented over the last several years that turned around what some once labeled a permanent fiscal crisis and has ended years of instability and deficits. The fiscally responsible policies that we enacted over these last few years were done with the goal of getting us to where we are tnow. I feel very good knowing that here in Connecticut we can successfully work across the aisle in a bipartisan manner to do what is right for the residents of our state. I thank the leaders of both parties for working with my administration to get this biennial budget approved, and I applaud all of the lawmakers who saw to it to vote in its favor and send it to my desk.”
Original source can be found here.
