Here's What Lamont's Proposed Budget Means For New London

NEW LONDON, CT — Gov. Ned Lamont unveiled his $55.2 billion biennial budget plan on Wednesday, and the state Office of Policy & Management has broken down what the proposed spending could mean for each Connecticut municipality.

Included in the plan is more than $45 million estimated for New London in this fiscal year.

Overall, the budget plan would increase spending by roughly $1 billion each year. Under the plan, the budget would rise to about $27 billion in the next fiscal year, then to about $28.2 billion the following year.

The municipal-specific grant that reimburses communities for a portion of the revenue they lose because some properties are exempt from local taxation would continue to grow as planned.

The total figures include motor vehicle tax reimbursement, local capital improvement, payment in lieu of taxes, municipal grants-in-aid, supplemental revenue sharing grant, Mashantucket Pequot & Mohegan fund grant, town aid road, education cost sharing and adult education.

Here is the breakdown of the proposal for New London:

• fiscal year 2025 $45,593,986
• fiscal year 2026 $43,240,228
• fiscal year 2027 $43,240,228

A significant portion of the funding the state kicks in comes in the form of grants that share in the cost of local education. Here is the educational grant breakdown for New London:

• fiscal year 2025 $31,150,657
• fiscal year 2026 $31,150,657
• fiscal year 2027 $31,150,657

Click here to see a full town-by-town breakdown.