HARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont has signed a two-year, $43 billion state budget into law, noting the plan was passed on time and puts the state "back on track" financially.
The Democratic governor OK'd the bill Wednesday, days before the state's new fiscal year begins on July 1.
Lamont is praising the plan for closing a projected $3.7 billion deficit, not increasing income tax rates and setting aside $2 billion in the budget reserve fund.
However, House Republicans tweeted how the budget increases other taxes by nearly $2 billion over two years. While much of that includes a tax on hospitals, the document extends the sales tax to more goods and services, including dry cleaning and interior design services. It also imposes a new 1% tax on prepared foods and beverages.