One year ago, Governor Lamont laid out a path forward that emphasizes fiscal responsibility, long-term sustainability, and economic growth. That meant taking steps to address the growth and affordability of some of the state’s significant fixed costs; reducing the state’s reliance on volatile revenue sources; modernizing government to improve access, enhance efficiencies, and develop new synergies; resolving long-standing and potentially expensive legal matters; maintaining the fiscal discipline that has allowed Connecticut to build the largest budget reserve fund in history; reducing borrowing while still making key investments; and avoiding destabilizing increases to our major tax rates.
“Working together, efforts adopted by the legislature and signed into law are ensuring that Connecticut’s future will no longer be defined by fiscal crisis, and instead our state has entered a new era of fiscal stability,” Governor Lamont said. “Because of a number of new policies and efficiencies that have been enacted, these years will be defined by the largest rainy day fund in Connecticut history, ensuring that our state has a strong fiscal foundation on which to build itself up – and the credit rating agencies have taken notice. Connecticut’s legislature has made reforms that are moving us into the right direction, and I am confident moving forward that we can continue on this path and keep Connecticut in a position of strength.”
The governor’s full budget proposal, as well as information on all of his other initiatives for this year, can be read on his website at ct.gov/governor in the “Legislative Proposals” section. Fact sheets summarizing each piece of legislation he is introducing will be posted on that site within the next several days.
This year, the governor’s legislative proposals and midterm budget continue the commitment he made to ensuring Connecticut remains on the path to progress and is a place where individuals, families, and businesses alike can thrive.
Expanding Economic Opportunity
