Updated 7:34 a.m. with CT News Junie story in place of late press release.
HARTFORD, Conn. – Democratic legislative leaders and Gov. Dannel P. Malloy announced Sunday around 1:20 a.m. that they had reached a deal on the state budget, but they didn’t release any numbers.
House Democrats received information about the spending side of the budget Saturday afternoon and information about the tax package after midnight.
Rep. Jeffrey Berger, co-chairman of the Finance Committee, said the sales tax will remain at 6.35 percent and a half a percent will go to municipalities to help lower the property tax burden and a half a percent will help fund Malloy’s long-term transportation initiative.
Berger said the sales tax on services such as accounting, engineering, advertising, and dry cleaning was removed from the budget.
“All of it’s gone. The only thing that’s in there are some exemptions that are eliminated,” Berger said.
The tax package also will triple a tax on computer and data processing from 1 percent to 3 percent, Berger said.
The budget also will increase the income tax on Connecticut’s wealthiest citizens, raising it from 6.7 percent to 6.99 percent, Berger said.
To see the complete story, go to CT News Junkie.
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