Governor signs deficit-mitigation bill

Gov. M. Jodi Rell signed a bill late this afternoon that eliminates nearly 90 percent of this fiscal year’s $371 million budget deficit.

Rell’s signature came about 30 minutes after the Senate unanimously adopted the compromise measure. The House of Representatives adopted it 147-1 on Tuesday.

federal revenue and raids on special accounts and trust funds to trim $323.2 million off the deficit for this fiscal year, which ends on June 30.

In an effort to reach compromise with the Republican governor, the Democrat-controlled legislature left earlier proposals to boost the tax on multi-million-dollar-estates and to levy a 5.5 percent tax on hospital gross revenues out of the measure.

But Democratic leaders also said this proposals likely would be revisited as they try to balance next fiscal year’s budget.

Comments

comments