Sen. Cicarella Applauds Bipartisan Five-Year Extension of Republican Fiscal Guardrails

FOR IMMEDIATE RELEASE

February 9, 2023

Sen. Cicarella Applauds Bipartisan Five-Year Extension of Republican Fiscal Guardrails

Senate, House extend fiscal budget controls championed by Republican lawmakers in 2017, leading the way to present $3.3 billion CT budget surplus

HARTFORD – Deputy Senate Republican Leader Paul Cicarella (R-North Haven) today applauded the General Assembly’s extension of budget controls enacted in 2017 as a result of legislative Republicans’ effort to control state spending and bolster the then-deficient state rainy day fund. The extension of these “fiscal guardrails” through 2028 earned bipartisan support in both legislative chambers, although the new agreement originally included a 10-year extension.

The agreement was part of an omnibus bill that included four unrelated measures addressing school lunch funding and a clean hydrogen program grant, special education funding, adjustments to the state’s “Bottle Bill” and the management of state employee candidate lists.

Senator Cicarella said, “The strong fiscal foundation we stand on today is a result of the innovative budget solutions Republican lawmakers championed in 2017, securing vital support at the time in the State Senate. These proven ideas have gained widespread support, and for good reason. In 2023, we are closer to stable financial footing. Although a ten-year extension of these financial guardrails was the original agreement, a five-year renewal is better than none. We must also be vigilant during this time, showing discipline with how we manage our spending. This is how my constituents manage their money, and our government should do the same.”

Read the complete bill here.

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