(Updated)The House of Representatives voted 102 to 37 and the Senate voted 23 to 12 in favor of borrowing $950 million to close the 2009 budget deficit.
The House vote Monday afternoon took less than an hour, however, all of the Republican members of the House and one Democrat voted against it. In the Senate all the Republicans voted against it and all the Democrats voted in favor of it. Sen. Andrew Maynard, D-Stonington, was absent.
If the legislature had failed to approve the borrowing, the state’s $1.4 billion Rainy Day fund would have automatically been used to cover it. It had been agreed it would be better to use the Rainy Day fund in 2010 and 2011.
House Minority Leader Lawrence Cafero, R-Norwalk, said his caucus didn’t vote in favor of the borrowing because it represented a failure to deal with the looming budget deficit late last year.
Also Cafero said the borrowing should have been done as part of the bigger budget bill, which has yet to be called for a vote.
“You don’t split them up,” Cafero said.
The two-year tax and spending plan, which has not been agreed to by the Democratic majority and Republican Gov. M. Jodi Rell, is expected to be called later this afternoon for a vote. Late Monday afternoon there was still no agreement, but House Speaker Chris Donovan, D-Meriden, said they will vote on the budget after a few amendments are written to correct some errors and omissions in the original bill.
The Democrats’ most recent budget dismisses some of Rell’s proposals offered last week to break the budget impasse. The Democrats’ latest budget delays the reduction in the sales tax from 6 percent to 5.5 percent to 2010 and increases the threshold for the estate tax from $2 million to $3.5 million. Rell had proposed eliminating the estate tax and wanted to implement the sales tax reduction on Oct. 1.
It’s unclear if Rell will sign the bill. Rell’s office has denied rumors that she would not sign it and automatically let it go into effect.