Posted on May 16, 2017
HARTFORD – House Republicans today issued their revised no-tax increase budget for 2018-19 that eliminates the projected $5 billion budget deficit, increases school funding for all towns, reduces the corporate surcharge and mitigates municipal aid losses by reallocating funds.
“This is probably the most challenging budget to put together because revenue projections collapsed in recent weeks. Our goal was to come up with a plan that does not increase any taxes and mitigates the revenue losses to towns and cities and we did just that,’’ House Republican Leader Themis Klarides said.
Every town will see an increase in school funding over current levels. House Republicans relied on significant state employee union concessions and reduced state spending to balance the budget. They also included a wage freeze for state employees, but no layoffs.
Now the hard part comes as Republicans join Democrats and Gov. Malloy at the negotiating table to come up with a final budget plan that can pass both the House and Senate, Klarides said.
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