Gov. Malloy reaches deal with state unions

Gov. Dannel Malloy (D-Conn.) announced today that he has reached a deal with state labor unions on concessions.

The recently passed state budget was based on $2 billion in union concessions over the next two years that had not been agreed upon.

Malloy said they were able to save in the areas of health care, pension benefits and wages. He also said taxes will not be raised above the level set in the budget approved by the Legislature.

The governor had threatened massive layoffs and program cuts if a deal had not been reached.

The first round of layoff notices had already gone out earlier this week.

Click here to read his full statement

VIDEO: Malloy on state union dealState workers await news on potential layoffsState workers await news on potential layoffs

sorry to interrupt
your first 5 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 5 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."