HARTFORD - Capping several weeks of bipartisan negotiations, Republican and Democratic lawmakers passed a budget deficit mitigation package this evening which earned widespread support from both parties and Governor Dannel P. Malloy.
The package of budget adjustments closes the entire projected budget deficit of $252 million for FY 2012 left after the Governor's $123 million in agency rescissions, and represents the first budget-related measure to be passed by the legislature with no tax increases in quite some time.
"This was an important step forward in addressing our current economic troubles," said Rep. Rowe, who leaves office January 9th to assume the position of Probate Judge for the towns of Trumbull, Monroe and Easton. "By being at the table and participating in these bipartisan discussions, we were able to assure that proposals which had initially been on the table which would have increased taxes on businesses, consumers and energy generators, which would have been harmful to our economic recovery, were not a part of the package."
"This bipartisan process was critical not only in finding important areas of compromise, but also in setting the tone for the upcoming session," said Rep. Hwang. "We managed to arrive at a package that preserves aid to municipalities sparing residents local property tax increases, and beginning to phase out the concept of longevity pay for state employees."
Both legislators noted that the coming session of the legislature, which convenes January 9th, will face significant challenges with the biennial budget going forward.
The package passed both the House of Representatives and Senate, and will now move to the Governor for his signature.