The recommendations include support for boosting Education Cost Sharing grants to towns as well as funding for grants to support special education costs and another $20 million to prevent the impact of previously scheduled decreases in state support for towns considered to be over-funded by the state.
By Hugh McQuaid, CTNewsJunkie.com
A two-year, $51.9 billion budget package proposed Tuesday by House Republicans accelerates the implementation of income tax cuts proposed by the governor while boosting state spending by 1% to support local schools.
The tax and spending plan, outlined during a morning press conference in the Legislative Office Building, preserves Gov. Ned Lamont’s proposed reduction of the 5% income tax rate to 4.5% and the 3% to 2%, but makes those cuts retroactive to the beginning of the year. The plan also includes a recapture provision ensuring that top earning taxpayers will not benefit from the cuts.
Click here to read the rest of the article on CTNewsJunkie.com.
Like what you see here? Click here to subscribe to We-Ha’s newsletter so you’ll always be in the know about what’s happening in West Hartford! Click the blue button below to become a supporter of We-Ha.com and our efforts to continue producing quality journalism.
