Good News! CIA Funds Set to be Restored
The Governor’s office, Office of Policy and Management (OPM), and CT SHPO clarified the Executive Budget proposal’s position on Community Investment Act funding.  The Governor’s budget does NOT call for an extension of the current 50% cut in CIA funding, set to expire June 30, 2017. As such, the Governor’s budget proposes to fully restore Community Investment Act funding beginning July 1st.

This development is certainly good news for historic preservation and downtown supporters! As you know, Community Investment Act funds help many Connecticut cities and towns in myriads ways, through programs such as Come Home to Downtown and the Preservation of Place program, as well as many other successful programs that support affordable housing, historic preservation, open space and agriculture.While it is significant and promising that the Governor’s Budget restores these funds, we need to be mindful that we are just beginning the biennial budget process. Over the next four months, the Appropriations and Finance Committees and legislative leaders will begin crafting a biennial budget that will require the support of both chambers and Governor Malloy. Protecting the CIA from any additional cuts will require active engagement by all of us, so please continue to urge your legislators to support and restore CIA funds to their full levels.

We will continue to update you during the 2017 legislative session, and of course, you can keep up-to-date on the latest news and events from CMSC by joining our mailing list.