Thursday, May 30, 2024

Bi-Partisan Spending Stabilization

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State Representative Joe Gresko, (D)
121st Connecticut House District

Dear Neighbor,

I’m proud to say we passed a bipartisan spending stabilization plan that will ensure our two-year state budget’s historic tax cuts are protected, and we invest in the priorities that matter to you.

Remember, the two-year budget includes:

  • The Largest Income Tax Cut in State History
  • Investments in Public Education
  • New supports for the IDD community
  • Expansion of Debt-Free Community College
  • A Strong and Vibrant Safety Net of Programs

We used remaining federal American Rescue Plan Act funds to provide support to some important priorities such as:

  • Higher Education – $160 million
  • Early Childcare – $21.8 million
  • Mental Health – $24 million
  • Nonprofits – $50 million

All that and we are putting more than a billion dollars into the state’s Rainy Day Fund and paying down pension debt.

I am proud to report that Connecticut is set up to succeed financially in the present as well as the future.

As always, if I can be of any assistance, please feel free to contact my office at (860) 240-8585 or email me directly.

Joseph P. Gresko

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