The $37.6 billion two-year budget passed by the General Assembly early Tuesday morning has made it to Republican Gov. M. Jodi Rell’s desk, but it’s still unclear if she will sign it.
Democratic leaders described the budget which cuts an estimated $3 billion in spending and increases tax and fess by $1.25 billion “a balanced approach” to closing the state’s $8.56 billion budget deficit. Republican leaders called on Rell to veto it because it relies too heavily on borrowing and focuses on volatile revenue streams like the income tax.
Rell has a few options. She can sign it, veto it, or decide to let it go into effect in five days without her signature. The Democratic majority have admitted for the past few weeks that they don’t have enough votes to override a gubernatorial veto.
For more about the budget debate read our stories here, here and here.
