After considerable deliberation, State Representative Frank Nicastro (D-Bristol) today backed a biennial budget package (HB 7061)that provides property tax relief to working families, protects the services that middle-class families rely on, exempts military pay from state taxation, and invests in a world-class transportation system to grow our economy, said a press release from h is office. “This budget provides significant property tax relief for hardworking, middle-class families. Every town and city will receive additional state aid,” Nicastro said, according to the press release. “This will help relieve the property tax burden on families and small businesses right here at home.” Beginning July 1, 2016, Nicastro’s press release said, Bristol will receive additional state funding, mainly from state sales tax revenue that will be directed toward municipalities for property tax relief. Bristol will receive an additional $1,962,557. Nicastro noted that Bristol will also receive $125,000 in additional Education Cost Sharing (ECS) funding that “is important for our schools and students,” said the Democrat’s press release. The budget institutes a cap of 29.36 mills on the rate cities and towns use to levy car taxes, said the news release. Since the state will cover any lost revenue to municipalities with higher mill […]
After considerable deliberation, State Representative Frank Nicastro (D-Bristol) today backed a biennial budget package (HB 7061)that provides property tax relief to working families, protects the services that middle-class families rely on, exempts military pay from state taxation, and invests in a world-class transportation system to grow our economy, said a press release from h is office. “This budget provides significant property tax relief for hardworking, middle-class families. Every town and city will receive additional state aid,” Nicastro said, according to the press release. “This will help relieve the property tax burden on families and small businesses right here at home.” Beginning July 1, 2016, Nicastro’s press release said, Bristol will receive additional state funding, mainly from state sales tax revenue that will be directed toward municipalities for property tax relief. Bristol will receive an additional $1,962,557. Nicastro noted that Bristol will also receive $125,000 in additional Education Cost Sharing (ECS) funding that “is important for our schools and students,” said the Democrat’s press release. The budget institutes a cap of 29.36 mills on the rate cities and towns use to levy car taxes, said the news release. Since the state will cover any lost revenue to municipalities with higher mill […]