Concrete Budget Deal Could Come Soon

By: Lori Dougovito Email
By: Lori Dougovito Email

Budget deal could be signed off on as early as Wednesday. That from House Democrats Tuesday. Senate Majority Leader Mike Bishop tells News Ten he expects progress this week as well.

No new progress Tuesday after a tentative budget deal was reached last Friday. Through cuts and shifting money it balances the some $800 million dollar deficit.

Highlights of that tentative agreement include no tax increases this fiscal year, no cuts to school aid or Medicaid reimbursements, and roughly $300 million worth of cuts to state government. But lawmakers are expected to borrow big from the state's tobacco settlement.

Experts expect a more than one billion dollar budget hole next year, they say for taxpayers to expect a tax increase of some kind.


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