Connecticut Gov. Ned Lamont Proposes $336 Million In Tax Cuts In State Of The State Address

HARTFORD, Conn. (CBSNewYork) — In Connecticut, Gov. Ned Lamont delivered an upbeat State of the State handle Wednesday.

He says this yr, Connecticut may have a finances surplus of practically $1.5 billion, and that can assist minimize down prices for residents.

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“Three years in the past, we had been standing on the fringe of a fiscal cliff, dealing with a $3.7 billion finances deficit. Immediately, we’re deciding what taxes to chop and what faculty applications to develop,” Lamont stated.

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Lamont is proposing $336 million in tax cuts. The plan would increase the property tax credit score to all and improve the credit score to $300 f r greater than 1 million residents.

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Lamont additionally needs to speculate $100 million in workforce growth to coach greater than 10,000 college students, specializing in commerce colleges, apprentice applications and tuition-free certificates applications.