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“Our priority as lawmakers must be to restore predictability, sustainability and transparency to our state’s finances. Our plan will hold harmless state funding for local education and protect services for our most vulnerable residents while making fundamental, long-term, structural reforms," said Hwang.
"We can do this without tax or fee hikes on residents and businesses. We look forward to these sound, common sense ideas being passed soon so that we can put Connecticut back on a stable, sustainable budget path,” he said.
The "Pathway to Sustainability" proposal would close the state’s projected $935.7 million deficit, restore funding to core social services, protect local town education funding, and implement long-term structural changes to the state budget.
“Republicans are once again leading the way out of deficit with a common sense budget in Connecticut. This is a budget that protects education funding for our children, restores funding to the core services government needs to provide and invests billions in our transportation infrastructure upgrades,” said Boucher.
“It does this while balancing the budget, holding the line on taxes, and delivering $1 billion in surpluses over five years. This is a budget, that if passed will restore fiscal sanity to our state and deliver the stability businesses need to create jobs. ”
Shaban also praised the plan.
“A stable tax and regulatory environment will return prosperity to the State of Connecticut, not more rate and rule changes,” he said. “This five-year plan restores needed predictability - and protects education and necessary program funding - so that the private sector and our towns can plan, budget and grow in a manner that promotes both economic development and opportunity for everyone.”
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