Connecticut's nearly two-month old budget impasse could be nearing the end after Gov. M. Jodi Rell yesterday proposed a series of tax hikes and cuts as well as unspecified spending reductions.

Rell's latest proposal would raise taxes by $1.43 billion, primarily through personal income tax hikes, while cutting other taxes by $715.2 million for a net revenue increase of $710.1 million. She also called upon the General Assembly to find $520 million of spending cuts.

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