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Hartford— Governor Ned Lamont delivered a budget address to a Joint House Session on Wednesday, February 8. The two-year $50.5 billion budget includes an extension of the guardrails Lamont and lawmakers put in place during the 2017 bipartisan budget negotiations, including the spending cap, revenue cap, volatility cap, and bond lock.
Representative Martin Foncello (R-Brookfield) is a member of the legislature’s Appropriations Committee.
Currently, Connecticut taxes families for 3% of their first $20,000 in income and 5% of their income up to $100,000 a year. In his speech, Lamont proposed cutting the current 5% rate by 10% and 3% rate by a third. The address on the two-year, approximately $24.5-plus billion budget, included few details about housing, child care and education initiatives.
“Governor Lamont said a lot, but actions speak louder than words. As a member of the Appropriations Committee, I look forward to reviewing the details included in the budget document,” said Foncello.
