Gov. M. Jodi Rell today said a new report by the state Office of Policy and Management shows projected state budget deficits in excess of $2.6 billion in fiscal year 2010 and almost $3.3 billion in fiscal year 2011.
As a result, Rell vowed today that every corner of the state budget will undergo scrutiny to spare overburdened taxpayers from facing additional levies.
Rell said she has taken a number of steps to keep Connecticut’s economy ahead of the national economic curve. These include a five-point plan to keep credit flowing to businesses and manufacturers who create jobs, programs to help subprime mortgage borrowers and actions to control state spending including a hiring freeze, a spending freeze, a travel ban and two rounds of budget cuts totaling $180 million.
“Today’s projections clearly show that more cuts will be needed,” the governor said. “No area of government will be sacrosanct from cuts because no part of our economy has been unaffected. Families already struggling in this economy are not responsible for the mess the economy is in – but they are already paying the price and the price is too high. They cannot afford to pay even more in taxes – at any level of government.”
