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Lamont Budget Proposal: Over $500M In Tax Cuts, 3.5% Spending Increase

Gov. Ned Lamont introduces his two-year budget proposal. Photo credit: Christine Stuart, CTNewsJunkie

The governor’s proposed budget increases overall Education Cost Sharing grants by $135 million, with West Hartford’s ECS allocation projected to increase by roughly $775,000 in each of the next two years.

By Hugh McQuaid and Christine Stuart, CTNewsJunkie.com 

West Hartford-specific information provided by Ronni Newton, We-Ha.com

Gov. Ned Lamont offered the state legislature on Wednesday a budget proposal that would spend more than $50.5 billion over two years, lock in fiscal guardrails for another decade, and adopt a historic reduction in the state income tax.

The budget package, the first of Lamont’s second term in office, will serve as a starting point for negotiations with the state’s Democratic-controlled General Assembly. Together, the two branches of government will be expected to approve a budget for the next biennium before the legislature adjourns in June.

For the current fiscal year, West Harford received a total of $31,077,359 in aid from the state, with a large share of that coming from Educational Cost Sharing funds. The budget proposed by the governor increases West Hartford’s ECS allocation by $774,896 in each of the next two fiscal years, with the town’s the total proposed statutory aid for FY24 would increasing by $1,340,156.

The governor’s proposed budget also includes an increase in West Hartford’s PILOT allocation of $162,896 for FY24, and increases the town’s motor vehicle tax reimbursement by $404,679. Other than a roughly $2,000 decrease in the adult education allocation, the remainder of West Hartford’s statutory aid is projected to remain unchanged from the amount received in the current fiscal year.

Click here to read the rest of the article with details about the governor’s proposed budget on CTNewsJunkie.com.

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