Posted on May 4, 2018 by admin
HARTFORD – State Rep. Nicole Klarides-Ditria said the revised Republican budget plan issued on Wednesday addresses the budget shortfall, restores the Medicare Savings Program in full, and will stabilize future state budgets.
“We need to focus on the future and not place today’s fiscal problems on the next generation,” said Rep. Klarides-Ditria. “Our plan prioritizes spending and will lead to a brighter future for Connecticut.”
The revised Republican budget proposal does the following:
Restores funding for the Medicare Savings Program in full, allowing all 169,450 seniors to maintain current coverage. Cost of $130 million.
Fully funds the FY 2019 enacted Education Cost Sharing grants.
Restores full funding for Municipal Aid.
Fully funds the Special Transportation Fund
Provides $16 million to the Retired Teachers’ Healthcare Fund to provide a full statutory contribution of 33%.
After mitigating the fiscal year 2018 deficit utilizing revenue in the state’s budget reserve fund, this plan will still leave the state’s rainy day fund with $864.5 million at the end of fiscal year 2019.
To read the full Republican budget plan visit www.cthousegop.com.