CT Dems’ Budget: $1.53B in New Taxes, Vote TonightSeptember 14, 2017
Hours before a scheduled vote, the full truth came out: the two-year budget compromise proposed by Democrats will have $1.53 billion in new taxes.
On Thursday afternoon, the bicameral Finance Committee approved a revenue package by a party-line, 26-25 vote:
Breaking: Finance committee just approved revenue estimates by 26-25, the closest of margins; https://t.co/MPF43iYDQk
— Christopher Keating (@chrispkeating) September 14, 2017
As the revenue package was approved, Connecticut media reported the two-year package will have $1.53 billion in new taxes.
From The CT Mirror‘s Keith Phaneuf:
The proposed solution to the Connecticut budget impasse would break new ground raising revenue with taxes and fees on seasonal homes, cell phones and fantasy sports gambling as part of a broad package of increases expected to raise $1.53 billion across this fiscal year and next combined.
Earlier in the day, in an interview with Reclaim Connecticut, Senate Republican President Pro Tempore Len Fasano (R-North Haven) blasted the Democrats’ lack of transparency on the budget.
Fasano noted that the GOP budget proposal does not raise taxes.
A full vote on the budget is expected sometime Thursday night.
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