Democrats announce “handshake agreement” on new state budget
HARTFORD, Conn. (AP) — Democratic Gov. Ned Lamont and Democratic legislative leaders say they’ve reached a “handshake agreement” on a new two-year state budget.
Only a few details were revealed Thursday during an announcement in Lamont’s office. Lawmakers say the agreement still needs to be drafted. Democratic lawmakers, who control the General Assembly, say they’re confident the bill can be approved before the regular legislative session adjourns on June 5.
Lamont says the roughly two-year, $40 billion deal does not increase income tax rates. It also doesn’t include a proposed capital gains tax.
The deal, however, does apply sales taxes to some new goods and services.
Unlike the previous two years, when Republicans held more seats in the House of Representatives and Senate, the GOP has not been part of these final budget talks.