By CBSNewYork Team

HARTFORD, Conn. (CBSNewYork) — Beer breweries in Connecticut are cheering a new tax cut.

Gov. Ned Lamont announced the new state budget reduces beer taxes by 16.7%.

READ MORE: Clear Water On The Jersey Shore Dazzling Visitors

“Just to make us more competitive with other breweries and other beer around the region. That’s what we’re trying to do as we make sure Connecticut is in the best position to compete. I think it’s working. There’s well over 100 breweries that have been created in the last 10 years or so in this state,” Lamont said.

READ MORE: De Blasio: Cuomo 'Should Be Charged' Over Sexual Assault, Harassment Claims In AG Investigation

A report released in May showed Connecticut breweries added $2.9 billion to the state’s economy and supported nearly 18,000 jobs.

MORE NEWS: Fourth Stimulus Check: Is Another Relief Payment Coming Soon?

The tax cut takes effect in July of 2023.

CBSNewYork Team