Wednesday, November 4, 2009

Comptroller’s Deficit Projection Signals More Bad New for Connecticut

Just two months ago, Democrats, in the face of Republican warnings and without a single Republican vote, passed a partisan budget that, according to the Democrat Comptroller, is now $624 million in deficit. The Comptroller has also questioned the state’s ability to realize another $473.3 million in unspecified savings.

The last time we faced a deficit of this magnitude, Democrats ignored Republican warnings and the State ended up borrowing $1 billion to close the FY09 deficit, increasing debt service and mortgaging our future. We cannot continue to repeat past mistakes.

Republican leaders again stand ready, willing and able to work with Democrats to finally do the difficult, but necessary work to reduce the size and cost of state government. We need the Democrat majority to stop ignoring reality and join us at the table.

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