Signed by Governor Ned Lamont

Vote Smart's Synopsis:

Vote to pass a bill that appropriates funds for Connecticut's Fiscal Year 2027 budget and amends various laws relating to bonds and grants.

Highlights:

• Authorizes the State Bond Commission shall have power from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding $787,405,019 (Sec. 1).

• Specifies that the State Bond Commission can authorize up to $80 million in bonds that will be used to support the Connecticut Office of Early Childhood in the establishment of the Child Care Facilities Grant Program for Construction and Renovation during the fiscal years 2026 through 2032  (Sec. 121).

• Requires that not later than October 1, 2025, and quarterly thereafter, the chancellor of the Connecticut State Colleges and Universities, in consultation with the Commissioner of Early Childhood, shall submit a report to the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding, describing the coordination of efforts between the Connecticut State Colleges and Universities and the Office of Early Childhood to construct, improve or equip child care centers on or near college and university campuses in the state (Sec. 134).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that appropriates funds for Connecticut's Fiscal Year 2027 budget and amends various laws relating to bonds and grants.

Highlights:

• Authorizes the State Bond Commission shall have power from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding $787,405,019 (Sec. 1).

• Specifies that the State Bond Commission can authorize up to $80 million in bonds that will be used to support the Connecticut Office of Early Childhood in the establishment of the Child Care Facilities Grant Program for Construction and Renovation during the fiscal years 2026 through 2032  (Sec. 121).

• Requires that not later than October 1, 2025, and quarterly thereafter, the chancellor of the Connecticut State Colleges and Universities, in consultation with the Commissioner of Early Childhood, shall submit a report to the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding, describing the coordination of efforts between the Connecticut State Colleges and Universities and the Office of Early Childhood to construct, improve or equip child care centers on or near college and university campuses in the state (Sec. 134).

Full Bill Text