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Finance package falls about $360M short of closing budget deficit
HARTFORD, Conn. – The legislature’s Finance, Revenue, and Bonding Committee approved—by a 30-21 party line vote—a tax package that increases revenues by about $10 million above Wednesday’s Appropriations Committee spending plan. That means the 2017 budget is still in the hole by nearly $360 million.
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Finance Committee considers giving up state admissions tax
HARTFORD, Conn. – It will cost the state about $2.2 million in revenue starting in 2018, but several members on the Finance, Revenue, and Bonding Committee felt it would eliminate inequity in the current tax structure and help municipalities.
