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Thursday, January 08, 2009

Summary of the state of the state address

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After a year of belt-tightening, Connecticut Gov. M. Jodi Rell (R) warned that more cuts are in store as the state grapples with the national recession.
 
“The sacrifices will not be easy or painless,” Rell said in her Jan. 7 state of the state address to the Democratic-controlled General Assembly.
 
“The cuts that must be made will be deep and they will affect every agency, every program and every service provided by state government,” she said without offering specific details. Rell said the cuts will be outlined in her budget proposal she presents next month.
 
The state faces a $340 million deficit for the current fiscal year while some analysts project a $2.5 billion shortfall in fiscal 2010. The state relies heavily on the financial industry and has been rocked by the fiscal meltdown on Wall Street.
 
The governor noted the paradox that “revenues are declining, but the need for government services is increasing.”
 
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