Connecticut lawmakers yesterday privately negotiated measures to close an estimated $700 million budget gap for the next fiscal year. Still up in the air is a $1.3 billion securitization plan that would likely involve the issuance of tax-exempt bonds.

Last week, Republican Gov. M. Jodi Rell proposed a deficit mitigation plan, but details have not been made public as five-way talks with the executive and majority and minority leaders of the House and Senate continue before the end of the legislative session next week.

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