Tuesday, November 25, 2008

Governor, unions talk concessions

It's been reported that this fiscal year (July 1 2008 to June 30 2009) the state is currently projecting a nearly $400 million deficit in an $18 billion budget. Next year the deficit nears $3 billion... and it exceeds $3 billion the following year.

Now the WRAs Paul Huges is reporting:

State unions and Gov. M. Jodi Rell are talking softly about the delicate subject of concessions.

This year's state budget is running a projected deficit in the hundreds of millions of dollars, and the latest estimates are predicting shortfalls in the billions in the next couple of years.

Meanwhile, the state government is spending $4.7 billion out of an $18.4 billion budget on salaries, health care and pension benefits for state workers and retirees.

Times are tough. I won't be surprised to see state taxes increase, but spending has got to be reduced somewhere.

Tim White


Anonymous said...

The only people that are reducing their spending are the taxpayers. We have ZERO to spend. One of these days someone will figure it out.

Anonymous said...

Not Cement Head Matt and the Fiscally Prolifigate Five