The two-year budget takes effect July 1, 2023, and includes the first cuts to Connecticut’s marginal income tax rates since the 1990s.
By Hugh McQuaid, CTNewsJunkie.com
Connecticut policymakers from both sides of the political aisle gathered at the state Capitol Monday afternoon to watch Gov. Ned Lamont sign a two-year state budget including broad income tax cuts into law following its bipartisan approval by the legislature.
The governor put his signature on the $51.1 billion tax and spending plan during an afternoon ceremony surrounded by legislators. The budget passed with strong bipartisan support in the House and Senate last week during the final days of the legislative session.
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