Lamont Budget Proposal: Over $500M In Tax Cuts, 3.5% Spending Increase

The Connecticut Examiner

Tax Cuts, Housing Headline Lamont Budget

HARTFORD — Gov. Ned Lamont is proposing a two-year budget that includes nearly $500 million of tax cuts and a boost to the Earned Income Tax Credit, $600 million of funding for housing programs including assistance for first time homebuyers, and funding for childcare including a bump in the business tax credit and a boost to the Care4Kids program.  The budget also includes nearly $150 million for the state colleges and universities, which are fa…