May 19, 2004
REP. RYAN PLEASED WITH INCREASED FUNDING INCLUDED IN BUDGET LEGISLATION FOR THE 139TH DISTRICT TOWNS
Lawmaker Secures Funding Increase For Bozrah, Franklin, Lebanon and Montville
State Representative Kevin Ryan who has fought to restore budget cuts in Education Cost Sharing (ECS) funding to small towns is pleased that Bozrah, Franklin, Lebanon and Montville will benefit from the Democratic approved state budget passed in the legislature and accepted by the Governor.
"An increase in education funding for our towns provides local property tax relief," Rep. Ryan said, "I am pleased that in addition to more education funding there is an increase in the total Statutory Grants for our towns and this was accomplished without raising state taxes."
FY 2003-04 |
FY 2004-05 |
Increase |
|
Figures For Bozrah |
|||
Education Cost Sharing Grant |
$984,704 |
$1,027,166 |
$42,462 |
Total Statutory Formula Grant |
$1,117,538 |
$1,185,473 |
$67,935 |
|
|||
Figures For Franklin |
|||
Education Cost Sharing Grant |
$778,611 |
$784,061 |
$5,450 |
Total Statutory Formula Grant |
$897,554 |
$915,760 |
$18,208 |
|
|||
Figures For Lebanon |
|||
Education Cost Sharing Grant |
$4,357,022 |
$4,502,497 |
$145,475 |
Total Statutory Formula Grant |
$4,780,424 |
$4,964,454 |
$182,467 |
|
|||
Figures For Montville |
|||
Education Cost Sharing Grant |
$10,313,587 |
$10,432,220 |
$118,633 |
Total Statutory Formula Grant |
$13,054,763 |
$13,453,230 |
$398,467 |
"The fight for small towns must continue," Rep. Ryan added, "But, we were able to restore budget cuts that were made last year and this is a sign of real progress."
Rep. Ryan also pointed out that local property taxpayers will benefit from the restoration of the $500 property tax credit that was included in the budget legislation.
Rep. Ryan is House Chair of the Labor and Public Employees Committee.