Greenwich Delegation Stresses Urgency
for State Gov. to Live Within Means
HARTFORD – State Representative Livvy Floren (R-149) stands with fellow House Republicans as they introduce their budget proposal for the 2019 fiscal year, which emphasizes stability and predictability.
The Republican proposal fully balances the fiscal year 2019 budget and erases the projected $321.5 million deficit. The plan would direct any revenue that exceeds the defined volatility cap toward the following three areas in equal thirds: (1) the state employee retirement fund, (2) the teacher’s retirement fund (with $8 million of that earmarked for the retired teachers health fund), and finally, (3) the rainy day fund. The proposal fully funds the Special Transportation Fund, restores funding for the Medicare Savings Program, and avoids the governor’s proposed cuts to education funding and municipal aid.
“I think our proposal will get the conversation started for the 2019 fiscal year budget negotiations,” Rep. Floren said. “We need to erase the deficit, invest in transportation and education, address unfunded liabilities, and help our cities and towns. These items are all priorities, and best of all, they can be achieved if we work together. Although we may vary in our approach, we all have the same goal – a brighter future for our state.”
The Appropriations Committee will hold a vote on the Republican budget proposal tonight. If it clears the committee, it would be sent to the chambers for a vote. The 2018 Session ends on May 9th, 2018 at midnight.