Republicans and Democrats in Connecticut have reached agreement on revision of the state’s biennial budget for fiscal years 2022 and 2023.
Happily, Democrats conceded to several major elements of the GOP’s recently proposed $1.2 billion tax cut plan.
Yet there remains one major element of the GOP plan that is unresolved: a proposal to use off-budget American Rescue Plan (ARP) money to repay hundreds of millions of still-outstanding federal loans received by Connecticut over the last two years to fund unemployment insurance benefits.
Read Full Article »