HARTFORD, CT -- CCP Policy Update - Learn about the new tax changes affecting philanthropy and nonprofits.
Public Policy
HARTFORD, CT -- As the governor and legislators negotiate a bond package to be considered in the upcoming special legislative session, they are considering not funding the grant program this year. Not funding the grant program would mean that while the state is generating a massive surplus for this fiscal year, as much as $1.6 billion, we would still cut assistance to community nonprofits that provide substance abuse and mental health services, house the homeless, provide residential and day programs for people with developmental disabilities, help people re-enter the community from prison, and promote arts and cultural programs that keep our communities vibrant, to name just a few of the vital programs nonprofits provide.
HARTFORD, CT -- CCP follows up on bills SB1137 and SB38, that would have levied new taxes on nonprofits with endowments, pension accounts, or significant savings accounts.