Quantcast

News Junkie: Sales tax scrapped as part of budget negotiations

HARTFORD, Conn. — House Speaker Joe Aresimowicz said Monday that a broad-based sales tax increase was no longer under consideration as part of negotiations on a two-year state budget.

House Democrats had originally proposed a 6.85 percent sales tax increase. As part of his compromise proposal, Gov. Dannel P. Malloy on Friday put forward a plan to increase the sales tax to 6.5 percent. House and Senate Democratic leaders met with Malloy this weekend.

The governor’s proposal would raise $87 million in 2018 and $133 million in 2019.

At the moment there’s no proposal to fill the hole left by scrapping the sales tax increase.

Read the full story on CT News Junkie.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>