House Republican Budget Update

On Tuesday, July 11, House Republicans held an open budget presentation for all lawmakers and the public to receive a comprehensive review of our no-tax-increase budget proposal.

The House Republican Caucus has offered four proposals since January. The current plan:

• Increases school aid for every town and city and preserves municipal funding overall
• Rejects the shift of $407 million in teacher pension payments to municipalities to avoid property tax hikes
• Has no tax or fee hikes whatsoever, unlike House Democrats who proposed sales tax hikes of up to 26 percent
• Offers municipal mandate relief and limits state borrowing to $1.3 billion
• Eliminates the property tax on hospitals

The budget balances without tax hikes through $2 billion in state employee union concessions over two years, a reduced state workforce through attrition and privatization, and numerous other savings throughout state government:

• Implements a defined contribution plan for new hires and increases pension and healthcare payments for all state workers
• Provides overtime savings and enhanced fraud detection programs to make government more efficient

You can watch the full presentation of our budget by clicking here, or you can view our presentation document by clicking here.

We are scheduled to gavel in for a special session to vote on a budget on Tuesday, July 18th. The House Republican Caucus has been ready to vote on our no-tax-increase budget proposal, and we have continued to show that we can balance the state budget without raising taxes.