House Republicans Pitch Tax Relief and Boost in Education Spending

House Minority Leader Vincent Candelora during a budget press conference on May 2, 2023. Photo credit: Hugh McQuaid, CTNewsJunkie

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.

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