HARTFORD, Conn. (AP) — A bill that creates an alternative funding source for Connecticut’s public campaign financing system is moving through the General Assembly.
The Senate voted 24-10 Friday in favor of legislation that taps revenue from the corporation tax in case there’s not enough money from the current funding source, unclaimed financial property. The bill moves to the House.
Democratic Sen. Anthony Musto said the State Elections Enforcement Commission, which administers the Citizens Election Program, expressed concern it might have inadequate funds to provide full grants to the program’s participating candidates in this year’s election because of a large number of anticipated primaries.
Republican Sen. Michael McLachlan opposed the bill, saying grants to candidates should be reduced if necessary. He questioned the budgetary ramifications of using corporate tax revenue.