Governor Lamont Proposes Budget Adjustments to Enhance Affordability and Workforce in Connecticut
Governor Ned Lamont has introduced a series of budget adjustments for fiscal year 2027 aimed at improving Connecticut's business environment, expanding workforce capacity, and increasing affordability for small businesses. Announced on February 4, 2026, the proposal seeks to increase appropriations by $85.1 million, raising the spending from 5.4% to 5.7% over the previous budget. The revised budget stands at $28.7 billion, just $1.1 million below the state spending cap, setting the stage for legislative negotiations. Key initiatives include extending research and development tax credits to pass-through entities, which will benefit early-stage biotech, manufacturing, and technology companies. Additionally, the proposal includes measures to remove application and renewal fees for various trades, addressing workforce shortages in sectors like manufacturing and healthcare. 
