Aside from the increase in the minimum wage, several new laws took effect in Connecticut on July 1; below is a round-up.
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A component of Governor Lamont’s $600 tax cut package, motor vehicle property taxes will be capped from 45 mills to 32.46 mills, reimbursing the local government for the resulting revenue impact
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Communities across Connecticut are working to become more livable for residents of all ages. AARP Connecticut is working in partnership with local leaders, organizations, and dedicated residents to help make that vision a reality.
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Governor Ned Lamont is reminding Connecticut residents that the state’s minimum wage increased from the current rate of $13.00 per hour to $14.00 per hour beginning on July 1, 2022.
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On July 25, Governor Ned Lamont announced a new low-interest loan program for small businesses and nonprofits called the Connecticut Small Business Boost Fund.
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The state is making a foundational investment of $75 million into a public-private partnership which aims to lend $150 million or more to eligible businesses and nonprofits. The goal is for the fund to become self-sustaining as more private funds are invested.
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