Two Democratic leaders of the General Assembly’s budget and tax committees say they’re on the verge of reaching a deal with Conn. Gov. M. Jodi Rell on a revised budget for the next fiscal year, The Associated Press reports.
The lawmakers said late Tuesday that a deal was imminent. It comes about 24 hours before the General Assembly is scheduled to adjourn its 2010 legislative session.
Legislators and Rell have been trying to fill a $1.3 billion hole that was intentionally included in the second year of the two-year, $37.6 billion budget, as well as a projected $700 million deficit.
Rep. Cameron Staples, the co-chairman of the tax committee, says the tentative agreement does not raise any new taxes, reduces borrowing, relies on some better-than-expected tax collections and delays a second $100 million payment to the state employee pension fund.
