Cafero: Act on Budget Deficit Now
If you know a hurricane barreling toward your community it’s perfectly fine to hope and pray that it veers in a different direction, but wouldn’t you take steps to protect your house just in case? That’s where we stand these days in Connecticut, where lawmakers have yet another budget deficit to deal with. So far, there are two schools of thought on how to address the problem: Sit on your hands and blame the governor’s office, as super-majority Democrats have done, or go back to the table and make government spending reductions as residents have demanded repeatedly. House and Senate Republicans advocated for the latter of the options today during a Capitol news conference. This week, state Comptroller Nancy Wyman reported a $624 million deficit for the current fiscal year. Republicans today pointed out that her estimate doesn’t even include $473 million in unspecified savings that won’t be realized unless significant policy changes are made. Check out comments from Rep. Larry Cafero, leader of the House Republicans:
And check out these deficit-related documents:
Budget Timeline
Economic Report
News Release
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