The tentative state budget deal, reached between Republicans and Democrats, eliminates the car tax next year.

Lawmakers said that residents would no longer pay property taxes on their cars under the tentative budget deal.

No car tax, however, means cities and towns could lose out on $700 million.

"It is a lot of money, and towns and cities are going to have to make serious decisions, as we have made on the state level,” said State Rep. Themis Klarides. “Towns and cities manage their budgets way better than state government ever could.”

Gov. Malloy gets briefed on the budget plan on Saturday.