July 1 30, 2011 - (RealEstateRama) -- Early Friday morning, on the first day of the new fiscal year, Senate Democratic leaders led passage of a budget bill that ensures Connecticut will have a balanced budget for the next biennium. As a result of the failure of the state employee unions to ratify the $1.6 billion concessions package, the General Assembly worked with the Malloy Administration to craft legislation that closes the budget gap—$700 million in the current fiscal year.
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