Lamont's $26B Budget: Debt Reduction and Child Care Support
Gov. Ned Lamont's $26.1 billion budget plan for the next fiscal year focuses on reducing Connecticut's bonded debt by repurposing reserves from its transportation program, maintaining funding for higher education, dedicating extra funds for early childhood development, and implementing state fee reductions. The plan also includes adjustments to K-12 education funding and relies on unspent federal COVID-relief grants. The budget proposal aims to adhere to fiscal controls and prepare for a lean budget, while facing questions about surplus dollars in the Special Transportation Fund.