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2026 State Budget Adjustments
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Key Takeaways
- Deliver $3.5 million in additional funding for Torrington
- Stabilize mill rates and support affordability and property tax relief
- Expand back-to-school and school-supplies sales tax exemptions
- Create a family caregiver tax credit for residents caring for loved ones
Torrington will receive nearly $3.5 million in additional funding as a result of the adjustments made to the current state budget document. This funding will make a significant impact locally, helping to stabilize mill rates and cut to the heart of the state’s affordability issues.
Additional components of the budget include:
- More funding for our community, stabilizing property taxes
- Funds fire school training facilities, providing more resources to Torrington’s school (Litchfield County Fire Training School)
- Invests in workforce programs and education
- Increases the exemption amount for “sales tax free week” from $100 to $300 and adds backpacks and cleated shoes to the list of items that can be bought tax-free
- Creates a sales and use tax exemption for nonelectronic school supplies
- Establishes a family caregiver tax credit for residents caring for a loved one
Looking Ahead...
While this budget includes several positive elements, I remain cautiously optimistic. Moving forward, we must carefully prioritize resources to ensure that mill rates remain under control and that we continue addressing the cost-of-living challenges facing our community.
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