Gov. Malloy reaches out for budget compromise

Posted: Updated:
NORWALK -

Gov. Dannel Malloy said Friday that he would accept new taxes if it meant finally passing a state budget.

"The time for compromise is now, and the proposal I've put forward today represents just that," he said.

Malloy is indicating that he would reverse course and accept a small hike in sales and restaurant taxes, as well as possibly tolling Interstate 95, in an effort to reach a spending compromise.

He said that if lawmakers don't act this month, devastating consequences will follow.

Gov. Malloy has been operating the state under a bare-bones emergency order since July 1. If lawmakers don't pass a budget by the end of this month, those cuts get even deeper -- especially when it comes to money for schools.

The governor is also willing to slow down his shift to a "Robin Hood" school funding plan -- which sends money away from richer school systems to poorer ones like Bridgeport and Norwalk.

Under this new plan, almost every town in western Connecticut would lose all state school funding. Milford would lose half of its money over the next two years.  Only Stamford, Norwalk, Bridgeport, Stratford, and Torrington would get more funding.

  • Connecticut PoliticsPoliticsMore>>

  • President Trump shakes up CT governor's race

    President Trump shakes up CT governor's race

    Wednesday, August 15 2018 4:43 PM EDT2018-08-15 20:43:19 GMT

    President Donald Trump has weighed in on the race for Connecticut's next governor.

    President Donald Trump has weighed in on the race for Connecticut's next governor.

  • Lamont, Stefanowski win nominations for governor’s race

    Lamont, Stefanowski win nominations for governor’s race

    Wednesday, August 15 2018 7:34 AM EDT2018-08-15 11:34:48 GMT

    One of the most surprising primary elections in recent history is over.

    One of the most surprising primary elections in recent history is over.

  • Lamont wins Democratic gubernatorial primary

    Lamont wins Democratic gubernatorial primary

    Tuesday, August 14 2018 11:00 PM EDT2018-08-15 03:00:51 GMT
    Businessman Ned Lamont has defeated Bridgeport Mayor Joe Ganim in the race for the Democratic nomination for governor.Businessman Ned Lamont has defeated Bridgeport Mayor Joe Ganim in the race for the Democratic nomination for governor.

    Businessman Ned Lamont has defeated Bridgeport Mayor Joe Ganim in the race for the Democratic nomination for governor.

    Businessman Ned Lamont has defeated Bridgeport Mayor Joe Ganim in the race for the Democratic nomination for governor.

  • Connecticut Top StoriesTop StoriesMore>>

  • 26 people overdose in 24-hour span in New Haven

    26 people overdose in 24-hour span in New Haven

    Wednesday, August 15 2018 2:42 PM EDT2018-08-15 18:42:51 GMT
    New Haven police say tainted drugs may be responsible for the overdoses of about 26 people in the span of less than a day.New Haven police say tainted drugs may be responsible for the overdoses of about 26 people in the span of less than a day.

    New Haven police say tainted drugs may be responsible for the overdoses of about 26 people in the span of less than a day.

    New Haven police say tainted drugs may be responsible for the overdoses of about 26 people in the span of less than a day.

  • Forecast: Partly cloudy, hot temps Thursday

    Forecast: Partly cloudy, hot temps Thursday

    Weather UpdateWeather Update

    Here's the latest News 12 Connecticut weather update.

    Here's the latest News 12 Connecticut weather update.

  • President Trump shakes up CT governor's race

    President Trump shakes up CT governor's race

    Wednesday, August 15 2018 4:43 PM EDT2018-08-15 20:43:19 GMT

    President Donald Trump has weighed in on the race for Connecticut's next governor.

    President Donald Trump has weighed in on the race for Connecticut's next governor.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account 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."