The Connecticut Senate today (April 14) will be taking up a budget plan aimed at reducing this fiscal year’s estimated $500 million deficit, according to Business Week.

Today’s Senate session follows the bipartisan bill’s approval by the House of Representatives on Tuesday night.

The proposal for the year that ends June 30 would not increase taxes and would not cut aid to cities and towns. It also would roll back controversial increases to fees for campgrounds, parks and fishing licenses.

Lawmakers want to delay a $100 million payment to the state employees pension fund, used nearly $239 million originally allocated from the state’s Rainy Day Fund for next year and siphon money from numerous state accounts.

Officials have not yet tackled next year’s estimated deficit of more than $700 million.