HARTFORD, Conn. (WTNH)– Wednesday lawmakers wrapped up at the capital without agreeing on a new budget. They will now head to a special session this week. The Democrats have put forward a plan that will cut $830 million in the next fiscal year to close the gap.
House Speaker Brendan Sharkey says their budget is straight forward.
“There is not a lot of mystery in this one, actually in this budget there’s no new taxes, there are no new fees. There are no gimmicks in this budget.”Related: Debate over budget bill likely as special session nears
The House Minority Leader Themis Klariden says Republicans need time to look at and in just the nearly $20 billion budget.
“We should have it. We should be able to go through it, in a reasonable amount of time. I’m not saying we need a week or a month, a day would suffice to be able to figure this out,” Klariden said.
As the Democrats and Republicans go back-and-forth fine-tuning the budget putting the icing on the cake, what does it mean for business leaders? We talked to people in the business community who say they were hoping the cuts will keep other businesses like GE from leaving.
Joe Brennan is the CEO of the Connecticut Business and Industry Association. He says lawmakers are having to make tough decisions. He respects their determination to hold a tight line on expenses and not making Connecticut a tougher place to do business in.Related: Session over, budget document still not seen
“Any fee or tax increase on our Connecticut citizens would be a disaster for the state. We are worried about losing people, we are worried about losing wealth and businesses,” he says.
The Senate is hoping to vote on the budget by Thursday. The House of Representatives has not yet put out a timeline.