Quick post about the compromise on Saturday:
Democrats gained a tax increase on businesses and estates valued at over $2 million/year, while blocking further "sin" taxes on tobacco and alcohol products. Rell can claim a victory in that tax increases were much lower than expected, and that the so-called millionaire's tax on households earning very high wages won't be enacted.
The windfall of a budget surplus meant that taxes don't need to be raised quite as much, so absolute budget armageddon was averted for at least another year.
The budget is pretty fair, all things considered. Most importantly, cities and towns will get more state aid, which they desperately need.
The Courant has a good breakdown of the budget here, as do most other local papers.
We can look forward to an interesting week in the General Assembly, however, as Democrats run every which way trying to figure out whether or not to pass Gov. Rell's campaign finance reform proposal. I'm still a bit surprised by their reaction, and the reaction of other Democrats. Isn't this exactly what we wanted? Then why not do it?
If a bill isn't passed by the time the session ends, Democrats are going to look like hypocrites, and Jodi Rell will look like John McCain. Don't say I didn't warn you.