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CT HB05030
Bill
Status
Introduced
2/6/2014
Primary Sponsor
Brendan Sharkey
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AI Summary
- Adjusts Connecticut General Fund net appropriations for FY 2014-2015 from approximately $17.498 billion to $17.514 billion, a net increase of about $16 million, while reducing the Special Transportation Fund from $1.322 billion to $1.317 billion.
- Increases municipal aid by $5 million for reimbursement of taxes on state property (to $78.6 million) and $8 million for reimbursement of taxes on private tax-exempt property (to $123.4 million), and adds $28.4 million for Tax Relief for Elderly Renters under the Office of Policy and Management.
- Raises Education Equalization Grants from approximately $2.123 billion to $2.130 billion and establishes town-by-town grant amounts for FY 2014 and FY 2015, with increases directed toward alliance and educational reform districts such as Bridgeport, Hartford, New Haven, and Waterbury.
- Creates or expands new program line items including $3.6 million for Opportunities for Long Term Unemployed, $600,000 for a Veterans' Opportunity Pilot, $2.5 million for Homeless Youth services, and increased funding for early childhood programs such as School Readiness (to $78.2 million) and Child Care Services-TANF/CCDBG (to $116.7 million).
- Authorizes $12.5 million in Tobacco Settlement Fund transfers and directs $12 million from the Connecticut Student Loan Foundation to the CHET Baby Scholars program, along with numerous carry-forward provisions allowing unexpended FY 2014 funds to remain available in FY 2015 for specified purposes.
Legislative Description
An Act Making Adjustments To State Expenditures For The Fiscal Year Ending June 30, 2015.
Last Action
File Number 524
4/14/2014
Committee Referrals
Appropriations2/6/2014
Full Bill Text
No bill text available