Malloy makes last ditch effort at budget compromise

- FILE - Connecticut Governor Dannel Malloy talks with News 8's Mark Davis at the State Capitol (WTNH / Joe Sferrazza)

HARTFORD, Conn. (WTNH) — The clock is ticking as Wednesday is the deadline to get a budget cutting deal.

In a last ditch attempt, Governor Malloy offering a compromise plan that includes elements from Republican, Democrat and Malloy’s previous proposals. New estimates place the red ink for next year at $960-million, about $40-million more in the hole than on Friday afternoon.

Related Content: 3 plans, 5 days, negotiators not close

The Governor is proposing to scale back on his massive transportation rebuild program, that’s supposed to be the centerpiece of his second term, in order to restore some of the funding for the state’s hospitals that both Democratic and Republican leaders want. In Monday’s compromise plan he also restores some of the funding to local towns for local schools.

The plan proposed by Democratic leaders depends on one time savings that won’t do anything to address projected deficits in the years ahead. The Governor is hoping his compromises will limit those one time, short term fixes that both the Governor and the Republicans oppose.

Related Content: New budget figures show Connecticut deficit has grown

The Speaker of the House received the compromise plan late Monday afternoon, and says that the Governor is coming around on some of the things the Democrats feel are important. “This is a positive development, the Governor made some real concessions towards our position and which I take as a positive move,” said Rep. Brendan Sharkey (D-Hamden.)

The Republican leader in the House, Rep. Themis Klarides, was also speaking positively about the latest move by the Governor. “We need to do something quickly at this point so certainly respect the try, we sit down, we’re still going through the budget now.” The Speaker adding that it will take another day to dissect everything in the compromise and then present it to members but that it is still feasible to pass something by Wednesday night.

Even if the House and Senate can vote to approve some version of this compromise plan by Wednesday at midnight, they would still have to come back for a Special Session to vote on what are called “Implementers.” Those are the laws that implement what’s in a budget document.

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