On May 7, 2024, the General Assembly passed H.B. 5523, a budget stabilization bill that appropriates funds for fiscal year 2025 and makes a number of different policy changes to K-12 education and other areas. Along with maintaining the $150 million in additional funding for K-12 education in FY 2025 that was allotted as part of the state budget passed last year, the bill overhauls how Connecticut distributes state education funding to school districts.
The State of Connecticut is facing structural headwinds that threaten the ability for its residents, taxpayers, and businesses to thrive. One of these structural challenges is Connecticut’s land use regulations, which have restricted housing supply, increased housing prices, and limited economic growth. This report describes how including the dimension of economic impact and growth in the analysis of land use regulations and development processes can address this structural challenge.