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Article: GOVERNOR RELL: DEFICIT ESTIMATE CLIMBS TO $356 MILLION
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 20, 2008
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Gov. M. Jodi Rell, R-Conn., issued the following press release:
Governor M. Jodi Rell today said her budget office now estimates the current state budget deficit at slightly more than $356 million, due in large part to sharp declines in sales taxes and revenue from the oil companies tax.
"The situation is serious and, as both state and federal economists have warned, it is going to get worse before it gets better," Governor Rell said. "It is vital that the Legislature use the special session on Monday to act on the plan I have submitted to reduce state spending, and that legislative leaders continue working with me to identify additional areas to save. This is a time for leadership - no ...