 Gov. Ned Lamont and Connecticut’s legislative leaders have agreed to extend a raft of fiscal reforms that have been credited with helping turn the state’s finances around.
A compromise bill unanimously approved by the state General Assembly late Thursday commits the state government to keep in place several spending “guardrails,” which were approved as part of the 2017 fiscal year budget for at least another five years.Â
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An agreement ratified by the General Assembly will keep a military company in Connecticut for years to come, Gov. Ned Lamont said.
The governor announced an agreement has been finalized with Lockheed Martin to keep its helicopter manufacturer in the state through 2042. Sikorsky will sustain more than 7,000 jobs in the state under the new deal which could expand helicopter lines being produced at its Straftord facility.
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As inflation soars to 40-year highs, Connecticut lawmakers are considering a package of bills that could bring changes to the manner property and income taxes are calculated in the future.
This legislative session, the General Assembly is considering House Bill 5487, which could increase thresholds for the state’s property tax credit and eliminate some of the eligibility restrictions that are in place.
Also on the Legislature’s radar this session is House Bill 5489, which calls for inflation indexing the personal income tax, and House Bill 5490, which would establish a personal income tax deduction on rent paid, so long as the person’s primary residence is in Connecticut.
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The efficacy of crime task forces, status of CTtransit bus lines and issuance of non-driver IDs were among the wide ranging issues Connecticut lawmakers dug into with state officials at a recent hearing looking into the back half of Gov. Ned Lamont’s biennium budget.
Members in both chambers of the General Assembly’s Appropriations Committee held a hearing Feb. 18 with state officials serving on transportation, regulation and protection agencies.
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