Keith Denning

After months of negotiations, the House of Representatives delivered a state budget that includes the largest income tax cut in the state’s history and significant increases in funding for local schools.
 
This balanced, bipartisan budget maintains our commitment to promoting fiscal responsibility and stability to continue strengthening our economy, while delivering on key investments to support children, families and seniors.
 
With this good budget stewardship and honoring the fiscal guardrails, we will maintain our excellent credit rating and pay down debt.

• Deposits $3.3 billion into the Rainy Day Fund, helping us maintain a high credit rating and preparing us for any possible economic downfall
• Pre-pays an additional $2.072 billion in unfunded pension liability
• Includes the largest Personal Income Tax Cut in CT history ($190.6 million in FY 24 and $421.7 million in FY25)
• Exempts more retiree income from the state income tax
• Continues our car tax cap
• Increases funding to towns – helping stabilize and lower local property taxes
• Continues property tax credits for homeowners

Supports Our Robust Safety Net Services by:

• Funding our nonprofit providers – 2.5% cost of living increases for critical service workers
• Providing funding to group home employees – roughly a 4.5% pay increase
• Making historic investments of over $30 million for residents with Intellectual and Developmental Disabilities (IDD)

Please join me, Representative Lucy Dathan, and Senator Ceci Maher on Monday, June 26 for an end of session recap. We'll be at the New Canaan Library Community Room starting at 6:30 pm. Please bring questions, share your ideas, and provide feedback. It has been an honor serving Wilton, New Canaan, as well as Ridgefield, and I look forward to seeing you later this month.