BOE Candidate John Scott questions finances of CT Paid Leave

The ballooning balance made at least one board member uncomfortable. Board member John Scott questioned if it was possible to reduce the fee deducted from employee paychecks to keep more money in the Connecticut economy.

“Basically, what we’re saying here is in 2026 we’re going to be sitting on three-quarters of a billion dollars in our fund?” Scott said. “I see us sitting on so much taxpayer money, it just doesn’t feel right to me.”

CT Paid Leave Authority to have $760 million balance by 2026