At 3 p.m. on Friday, May 13, 2011, Governor Dannel Malloy announced to the press gathered that a tentative deal had been reached with SEBAC that would save the taxpayers of Connecticut an estimated $21.5 billion dollars over the next 20 years. The deal would include $1.6 billion in savings over the next two years helping to close the gap in the budget. The Governor indicated that he would recall all layoff notices that were sent out over the past week. Few specifics were given so that SEBAC could convey the details to union membership over the coming days but the Governor did say that there would be a no layoff agreement for the next four years. This is the statement released by the Governor's Office.
Information will be forwarded as it is received by SEBAC to union leadership and information on the vote to ratify any agreement reached will also be forthcoming. The following is the press release from SEBAC on the heels of the Governor's press conference.