Sen. Ryan Fazio Votes No on S.B. 84 Revenue Package, Citing Missed Opportunity for Tax Relief

HARTFORD, CT — State Senator Ryan Fazio (R-Greenwich) today voted no on S.B. 84 in the Finance, Revenue and Bonding Committee, raising concerns that the proposal fails to address Connecticut’s high tax and debt burdens and instead risks making them worse.

S.B. 84 is a broad revenue package advanced by majority Democrats that makes significant changes to state fiscal policy, including adjustments to the state’s volatility cap and new tax provisions impacting businesses and healthcare systems. While the bill includes some positive elements, such as the elimination of certain occupational licensing fees that Sen. Ryan Fazio has been the leading advocate for since 2023, Sen. Fazio said the overall proposal falls short of delivering meaningful, long-term relief for taxpayers and will increase long-term debt.

“This was a real opportunity to provide lasting tax relief to Connecticut residents, and unfortunately, it missed the mark,” said Sen. Fazio. “Families and businesses across our state are already struggling under one of the highest tax and cost burdens in the country. This proposal risks making it worse.”

Alternatively, Sen. Fazio highlighted his affordability plan for Connecticut. His plan called for a $1 billion income tax cut for working-class and middle-class families and individuals, simplifying Connecticut’s complicated tax code, and reducing the growth of government spending.

“I have introduced and will continue to fight for the largest middle-class income tax cut in state history. State leadership should be focused on delivering real, meaningful relief rather than resting on its laurels when Connecticut families are hurting,” Fazio said.