CT’s coffers are swelling, but towns are feeling the pinch

CT’s coffers are swelling, but towns are feeling the pinch

With Connecticut’s new fiscal year less than two months old and state aid beginning to pour into cities and towns, local leaders are learning that dollars from the Capitol don’t buy as much as they once did. The $3.2 billion in major statutory grants Connecticut will award this year, at first glance, is up a modest 21% from where they stood in 2016, the last year before lawmakers adopted a series of budget caps that have siphoned billions of dol…