Governor Lamont announced on Thursday that a deal on the 2020-2021 budget has been reached between the Governor and Democrats of the House and the Senate.
According to The Associated Press, House Speaker Joe Aresimowicz said Thursday he’s optimistic the Democratic-controlled General Assembly will pass a deal reached with the Democratic governor before the regular legislative session adjourns on June 5 at midnight.
Governor Lamont says the roughly 2-year, 40 billion dollar deal does not increase income tax rates or proposed capital gain tax. However, it does apply sales taxes to some new goods and services.
The vote for the budget could happen as soon as this coming weekend.
Gov. Ned Lamont/(D) Connecticut said, “It’s a budget I’m proud of on a number of different fronts. We inherited a deficit of nearly 3 1/2 billion dollars in the next biennium. We’re going to get a budget that’s balanced without raising tax rates on anybody.
Unlike the previous two years, when Republicans held more seats in the House of Representatives and Senate, the GOP has not been part of the final budget talks. Aresimowicz says he has “missed that exchange” with the minority party this year, saying it was “really cool” when bipartisan budget agreements were reached.
Republicans have been critical of the spending and tax increases included in the Democratic plans that have advanced out of the budget-writing legislative committees.
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