Conn. budget

(AP Photo/Jessica Hill)

The Connecticut legislative session has ended, but the fallout from the last minute budget agreement is just beginning.

Lawmakers passed a two-year, $40 billion state budget. The budget raised a range of taxes by about $2 billion over two years in order to help offset a projected deficit of more than $2 billion over that time.

WSHU's Tom Kuser spoke with AP Capitol Reporter Susan Haigh to help sort through the state budget agreement and other pieces of legislation lawmakers dealt with before the deadline.

Conn. Lawmakers Narrowly Pass Budget On Final Day Of Session

Jun 3, 2015
AP Photo/Jessica Hill

Democratic legislative leaders on Wednesday were able to push through a two-year, $40.3 billion Democratic budget on the final night of the legislative session, despite opposition from some lawmakers in their own party, Republicans and some of the state's major employers.

Minutes before the General Assembly's deadline to adjourn, the Senate voted 19-17 in favor of the package, which raised a range of taxes by about $2 billion over two years, including the personal income tax for wealthy residents and various business taxes.

AP Photo/Jessica Hill

Update: April 30- The Connecticut Legislature's Finance Committee has approved a plan that includes tax hikes of $1.8 billion over two years.

The plan increases the income tax rate for Connecticut's wealthiest residents. It also lowers the overall sales tax rate, but extends it to new services, like accounting, dry cleaning, and veterinary services.

Ebong Udoma

Connecticut’s Democratic Governor Dannel Malloy and the Democrats who control the state legislature announced on Friday that they have reached an agreement on a revised budget. The $18.7 billion dollar budget deal follows the disclosure earlier this week that a $500 million budget surplus projected in January had shrunk to $43 million.

GOP leaders in the Connecticut legislature criticized Governor Dannel Malloy’s budget projections on Monday. The Republican leaders said the numbers don’t add up in the governor ’s 2015 budget proposal. 

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