The state budget has been adopted. As published by the Office of Fiscal Analysis, the final grant figures in the adopted State budget includes a slightly different ECS figure than reported by CCM yesterday (June 25th) in its updated analysis of the state budget agreement. Overall, the adopted budget still increases municipal aid by a “net” $243 million (9.6%) over the current year (FY 07), including a $237 million (11.4%) increase in education aid and a $6 million (1.3%) increase in non-education aid.¹ However, ECS figures are now slightly different for each town. The General Assembly and Governor have not yet adopted a bond package for the FY 08/09 biennium.

The documents below show how the Governor’s proposed budget would affect CCM Member Municipalities.

These files are available for download in .PDF format (portable document format), enabling viewing and printing by Dos, Windows, Mac & Unix systems. If you do not have a free .PDF viewer, you may obtain one free from Adobe at no charge, by clicking on the Get Acrobat icon.

* Some education and non-education grants are not available on a town-by-town basis until weeks after the state budget is adopted. These include (among others): special education – excess cost grants, priority school district grants, magnet school grants, and the PILOT for manufacturing machinery and equipment.

** The Governor’s proposal to eliminate the property tax on most cars was described as revenue neutral (or slightly better) for municipalities. To capture the effect of the revenue -neutral proposal on ’s bottom-line, CCM has subtracted an amount equivalent to the proposed “CAR grant” under the line item “Loss from property tax exemption on most cars”. The CAR grant would reimburse for its lost car-tax revenue.

***The Property Tax Relief grant was a one-time-only relief program, beginning and ending in FY 07.

The "net" totals assume that the CAR grant, and the portion of the PILOT for manufacturing machinery and equipment that reimburses municipalities for "old" machinery (property that is six years old or older), have a neutral affect on municipal budgets. The “net” totals also remove the one-time-only Property Tax Relief grant as from the FY 07 base. If you have questions, please call Adam Stern, Jim Finley, or Gian-Carl Casa of CCM at (203) 498 – 3000.