Bipartisan Spending Stabilization Plan Passes

May 8, 2024
I'm proud to say we passed a bipartisan spending stabilization plan that will ensure our two-year state budget's historic tax cuts are protected, and we invest in the priorities that matter to you.
Remember, the two-year budget includes:
  • The Largest Income Tax Cut in State History
  • Investments in Public Education
  • New supports for the IDD community
  • Expansion of Debt-Free Community College
  • A Strong and Vibrant Safety Net of Programs

We used remaining federal American Rescue Plan Act funds to provide support to some important priorities such as:

  • Higher Education - $160 million
  • Early Childcare - $21.8 million
  • Mental Health - $24 million
  • Nonprofits - $50 million

And locally:

  • City of Stamford - Municipal Aid - $2 million 
  • Stamford Police Activities, Inc. - $300,000
  • Stamford Public Education Foundation, Inc. - $70,000
  • Stamford Alumni Diamond Foundation, Inc. - $40,000
  • Boys & Girls Club of Stamford, Inc. - $32,500
  • 100 Black Men of Stamford, Inc. - $25,000
  • Domus Kids, Inc. - $17,500
  • Ferguson Library - $15,000

All that and we are putting more than a billion dollars into the state's Rainy Day Fund and paying down pension debt.

I am proud to report that Connecticut is set up to succeed financially in the present as well as the future.