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Thursday, December 20, 2012

Legislators Pass Bipartisan Bill to Erase Budget Shortfall

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By Keith M. Phaneuf

UPDATE The state House of Representatives moved quickly tonight to wipe most of the remaining red ink out of the current state budget, relying largely on cuts to social services, but also reducing a wide array of education and tourism initiatives.

The Senate voted 31-3 to give final approval just before 10:15 p.m. Two hours earlier the package cleared the House, also with strong bipartisan support, with a vote of 140-3.

Gov. Dannel P. Malloy, whose administration negotiated the plan with top lawmakers from both parties, is expected to sign the measure.

The package relied chiefly on budget cuts, but it also raised more than $46 million for operating programs. Legislators restricted business tax credits and launched a new crackdown on insurance tax fraud. They also agreed to borrow for some expenses, while raiding one-time sources of funding to support other ongoing programs.

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Posted 12/20 at 03:25 AM

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