(HARTFORD, CT) – Governor Ned Lamont today released the following statement in response to the final approval from both chambers of the Connecticut General Assembly of the fiscal years 2026 and 2027 biennial state budget:
“This is a balanced, sensible budget that is under the spending cap, provides predictability and stability for residents, businesses, and municipalities, and holds the line on taxes while keeping us on a sound fiscal path. Importantly, it includes significant investments in our education system, beginning with historic levels of support for early childhood education, up through our K-12 public schools and our higher education institutions. It also protects our social services safety net, prioritizing our health and human services providers and increasing support for our most vulnerable residents, including seniors and those who have disabilities, who receive Medicaid.
“And while we are doing all of this, we are continuing to make historic and long-overdue payments into the pension system, preserve the strength of our fiscal guardrails, and make fiscally responsible investments into the rainy day fund that will protect our state against any potential economic headwinds we may face in the future.
“While other states are increasing taxes and cutting services, economic analysts are pointing to Connecticut as an example of a state that has worked hard to maintain fiscal stability and make the smart decisions that are critical for economic growth.”
The legislation is House Bill 7287. The governor will sign it soon after it has been transmitted to his office.