Inside the Capitol: 2025 Legislative Session Concludes

Описание: Connecticut’s fiscal and economic health faces an uncertain future following the 2025 General Assembly session, the state’s largest business organization said.

CBIA president and CEO Chris DiPentima said the two-year, $55.8 billion budget uses fiscal guardrail workarounds and more than $357 million in business tax hikes to increase state spending by $2.6 billion over the next two years.

“These undoubtedly are challenging times,” he said. “Unfortunately, policymakers did not make the tough decisions this session necessary for ensuring Connecticut’s long-term fiscal health and economic growth.

“Those guardrail workarounds are the most alarming things in the budget, diverting about $1.2 billion that would have flowed into paying down pension debt and continuing the remarkable progress we’ve made since the fiscal reforms were adopted in 2017.

“Policymakers are setting Connecticut up for a real problem in 2027 when the next budget is due—they’ll be looking at two choices, cutting programs or raising taxes, the same destructive options that hounded us throughout the last decade.

“This budget creates real uncertainty—not only for businesses, but for residents. What does it mean for future budget cycles? That’s the big question for Connecticut going forward.”