Connecticut closes budget deficit without income-tax hike

CONNECTICUT LAWMAKERS CLOSED a $3.7 billion gap in the state's $43 billion two-year budget while sparing residents an income-tax increase. The budget is getting mostly positive reviews from investors. Above, the Travelers Property and Casualty headquarters in Hartford, Conn. / BLOOMBERG FILE PHOTO/GEORGE RUHE
CONNECTICUT LAWMAKERS CLOSED a $3.7 billion gap in the state's $43 billion two-year budget while sparing residents an income-tax increase. The budget is getting mostly positive reviews from investors. Above, the Travelers Property and Casualty headquarters in Hartford, Conn. / BLOOMBERG FILE PHOTO/GEORGE RUHE
NEW YORK – Connecticut’s $43 billion two-year budget, which spares residents an income-tax increase, is getting mostly positive reviews from investors. The budget, approved by the Democratic-controlled House on Monday and by the Senate late Tuesday, closes a $3.7 billion gap. It maintains a hospital tax that generates $1 billion over two years, raises or…

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