Senate Passes Budget

Now it goes to the governor.

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    NEWSLETTERS

    The Senate approved the state budget by a vote of 19-17 and now the budget will move forward to Gov. Dannel Malloy's office.

    The two-year, $37.6 billion budget includes no new taxes and is in compliance with the state's spending cap guidelines.

    The biennial budget  for the 2014 and 2015 years does not raise income or sales taxes, includes a sale tax exemption for clothing and shoes, expedites a phase-out of the electric generation tax and also includes a tax amnesty program.

    With this budget, the current levels of municipal and education aid will remain the same.

    Senate Appoves State Budget

    [HAR] Senate Appoves State Budget
    By a 19-17 vote, the State Senate approves the two year $37.6 Billion budget.

    Included in the budget is a three-cent increase to the already five-cent gas tax. The increase is expected to generate around $25 million after it is instituted on October 1.

    The budget legalizes Keno, an electronic lottery game, to go in bars and restaurants outside the tribal territories. The game is expected to generate  around $30 million over the next two years, with the majority of that coming in 2015.

    The budget mostly passed along party lines, with the majority of Democrats voting yes and Republicans arguing that the plan is not an honest one.

    The budget was previously adopted by the House of Representatives on June 1.

    Malloy is expected to sign it.

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