Lawmakers are set to vote today on the third plan to eliminate this fiscal year’s stubborn budget deficit, now estimated to be nearly $1 billion.
Democrats, who control the General Assembly, say they’ve come up with a deficit-cutting proposal that incorporates some ideas proposed by Gov. M. Jodi Rell and Republicans.
However, Democrats say their plan preserves spending on social service programs, such as health insurance for children and prescription drugs for the elderly. They say they’ve found $1.6 billion in little known, off-budget funds and plan to tap $200 million of it.
This latest deficit plan covers the fiscal year that ends on June 30. The following two fiscal years are estimated to be deficit by as much as $8.7 billion. (AP)
